Australian Governance & Ethical Index Fund (ASX: AGM) announces a share repurchase program. Under the program, the company will repurchase up to 4,664,932 shares, representing 25% of its issued share capital. The purpose of the buyback is capital management. The program is subject to shareholder approval which will be obtained in the Annual General Meeting to be held on November 18, 2019. The repurchases will commence on November 19, 2019, and the plan will be valid up to November 17, 2020, unless terminated earlier by the fund. As on October 25, 2019, the company had 19,073,048 Shares in issue. On November 18, 2019, the shareholders of the company approved the share repurchase program at its General Meeting. Evans and Partners Pty Ltd acted as broker to the company.