H&G High Conviction Limited (ASX:HCF) announces a share repurchase program. Under the program, the company will repurchase up to 2,241,733 shares, representing 8.95% of its issued and outstanding shares. The buy-back aims to enhance the NTA per share, thereby bolstering shareholder value for the benefit of all investors.

The company intends to finance the buy-back from its cash reserves. The repurchase will commence on May 15, 2024 and will be valid up to May 14, 2025. As on April 30, 2024, the company had 25,059,428 shares in issue.