Australian Governance & Ethical Index Fund (ASX: AGM) announces a share repurchase program. Under the program, the company will repurchase up to 5,955,363 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 14, 2018. The repurchases will commence on November 15, 2018, and the plan will be valid up to November 13, 2019, unless terminated earlier by the fund. As on October 18, 2018, the company had 23,821,455 shares in issue. Dixon Advisory & Superannuation Services Limited acted as broker to the company.