WNS (Holdings) Ltd. (NYSE:WNS) announces a share repurchase program. Under the program, the company will repurchase up to 3,300,000 American depositary shares (ADS), each representing one ordinary share, representing 6.31% of its issued share capital. Such ADS will be repurchased within a price range of $10 to $50 per ADS.

ADS may be purchased in the open market from time to time. The company will fund the share repurchases through internal cash accruals. The share repurchase program is subject to shareholder approval.

The company intends to convene an extraordinary general meeting of its shareholders in the fourth quarter of financial year 2016. The repurchases will be made in compliance with the SEC's Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. The company is committed to create long-term shareholder value and believes that ability to repurchase shares is an important component of an effective capital allocation strategy.

The plan does not obligate the company to repurchase any specific number of shares and may be suspended at any time at management's discretion. The plan will run over the next 36 months from date of shareholders approval. As of December 31, 2015, the company had 52,300,000 ordinary shares outstanding.