Emerging Markets Master Fund (ASX:EMF) announces a share repurchase program. Under the program, the company will repurchase up to 27,295,202 shares. The purpose of the buyback is capital management. The program is subject to the shareholders' approval in the General Meeting of Unit-Holders on November 18, 2019. The program shall be valid for 12 months up to November 17, 2020, unless otherwise concluded earlier by the company, if units are bought back prior to this date or if the fund determines that it is no longer in the best interest of the unit-holders. As on October 25, 2019, the company had 109,180,809 shares in issue. Evans & Partners Pty Limited acted as broker to the company.