Australian Governance & Ethical Index Fund (ASX: AGM) announces a share repurchase program. Under the program, the Fund will repurchase up to 2,424,748 ordinary shares, representing 10% of its issued share capital. The purpose of the program is efficient capital management. The buyback program is subject to get approve in general meeting by passing resolution. The buy-back will commence at the earliest on July 31, 2018 and will expire on June 25, 2019 unless the maximum number of units are bought back prior to the date. As of July 16, 2018, the company had 24,247,481 shares in issue. Dixon Advisory & Superannuation Services Limited acted as broker to the company.