Argo Investments Limited (ASX:ARG) announces a share repurchase program. Under the program, the company will repurchase up to 37,927,967 shares, representing 5% of its share capital. The purpose of repurchase program is capital management.

The program will expire on December 31, 2023. As of December 19, 2023, the company has 758,559,349 shares in issue.