Thorn Group Limited announces an Equity Buyback for 16,994,615 shares, representing 5% of its issued share capital.

Thorn Group Limited (ASX:TGA) announces a share repurchase program. Under the program, the company will repurchase up to 16,994,615 ordinary shares, representing 5% of its issued share capital. The purpose of the program is further enhancing returns to shareholders with flexible and efficient capital management that benefits shareholders.

The program is valid till February 28, 2023. As of February 15, 2022, the company had 339,892,310 shares in issue.