HUB24 Limited (ASX:HUB) announces a share repurchase program. Under the program, the company will repurchase up to 8,005,817 shares, representing 9.82% of its issued and outstanding shares for AUD 50 million. The purpose of repurchase program is to delivers shareholder returns whilst retaining flexibility to take advantage of strategic growth opportunities.

The repurchases will be funded from existing cash reserves. The repurchase program is valid till September 10, 2024. As of August 22, 2023, the company has 81,502,338 shares issued and outstanding.