Wns Holdings Limited (NYSE: WNS) announced that its Board of Directors has authorized a program to repurchase up to 1.1 million American Depositary Shares (“ADS’s”), each representing one ordinary share, at a price range of $10 to $30 per ADS. The share repurchase program is subject to shareholder approval. WNS intends to convene an extraordinary general meeting of its shareholders in the fourth quarter of financial year 2015. If shareholders approve the repurchase program, ADS’s may be purchased in the open market from time to time over the next 12 months from April 1, 2015.

“WNS management is confident in the strength of its business and the continued growth of its target markets,” said Keshav R. Murugesh, WNS’s Group Chief Executive Officer. “We are committed to invest in our long-term growth and enhance shareholder value. Our company has a strong balance sheet and solid cash flows, and the management team and Board of Directors believe this share buy-back represents a good use of company funds while demonstrating the company’s commitment to deliver long-term shareholder value.” WNS intends to fund the share repurchases through internal cash accruals.

These repurchases will be made in compliance with the SEC’s Rule 10b-18, subject to market conditions, applicable legal requirements and other factors. 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 company currently has 51.7 million ordinary shares outstanding.