Uscom Limited (ASX:UCM) announces a share repurchase program. Under the program, the company will repurchase up to 19,676,833 shares, representing 9.91% of its issued share capital. The shares will be repurchased at a price of AUD 0.055 per share. The purpose of the offer is to to optimize shareholder's value. Shares will be repurchased using company's current cash reserves. The record date for the offer is May 12, 2023. The offer will close on June 15, 2023. As of May 8, 2023, the company had 198,635,884 shares issued.

On May 11, 2023, the company changed the record date from May 12, 2023 to May 16, 2023.