Monash Absolute Investment Company Limited (ASX:MA1) announces a share repurchase program. Under the program, the company will repurchase up to 5,246,500 shares, representing 10% of its issued share capital. The program is a capital management initiative. The repurchase program does not require shareholder approval. The program will run until December 31, 2017, or all shares being acquired, or an earlier date as determined by the Board, whichever occurs first. As of March 22, 2017, the company has 52,465,001 in issue.