Team Tankers International Ltd. (OB:TEAM) announces a share repurchase program. Under the program, the company will repurchase up to 5,750,000 shares, for total worth of NOK 22.83 million ($2.5 million). The shares will be repurchased at a price of NOK 6 per share. The purpose of the program is to reduce the capital of the company. The program is valid till March 31, 2020.