Ridley Corporation Limited (ASX:RIC) announces a share repurchase program. Under the program, the company will repurchase up to 11,400,000 ordinary shares, representing 3.57% of its issued share capital, for AUD 20 million. The purpose of the program is capital management.

The program is valid until June 30, 2023. As of August 18, 2022, the company had 319,494,975 shares in issue.