Templeton Global Growth Fund Ltd(ASX:TGG) announces a share repurchase program. Under the program, the company will repurchase maximum up to 20,566,110 ordinary shares, representing 10% of its issued share capital. Repurchases will be made if the directors and the management consider that shares are trading at an excessive discount to their net tangible asset backing. The repurchases will commence on March 20, 2020, and will run for a period of 12 months, or till the time the maximum number of shares are bought back. As of February 20, 2020, the company has 205,661,097shares in issue. J.P.Morgan Securities Australia Ltd acted as broker to the company.