Ariadne Australia Limited (ASX:ARA) announces a share repurchase program. Under the program, the company will repurchase its own shares. The shares will be repurchased on the market. The program is for the purpose of acquiring shares where they are trading at values below the Board’s opinion of the intrinsic value of the shares and such acquisitions benefiting all the shareholders. The company reserves the right to suspend or terminate the program at any time. The program will be valid for a period of 12 months from the commencement of the program. As of January 24, 2017, the company has 201,077,785 shares in issue.