Peninsula Group Ltd (TASE:PEN) announces a share repurchase program. Under the program, the company will repurchase up to ILS 15 million worth of its shares. The purpose of the program is to increase shareholders return, it will allow the company to take advantage of a business opportunity and is in the company's favor.

The company will finance the plan out of its own resources. The plan is valid till February 15, 2023.