The shareholders of Abbey Protection Plc (AIM:ABB) authorized a share repurchase program in the Annual General Meeting on May 3, 2013. Under the program, the company will repurchase up to 9,999,477 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is an amount equal to the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share is an amount equal to 105% of the ... average of the middle market quotations for the ordinary shares taken from the Daily Official List of the London Stock Exchange for the five business days immediately before the date of purchase. Abbey is generally and unconditionally authorized to make market purchases as defined in Section 693(4) of the Companies Act 2006. The share repurchase program will expire at the conclusion of the next Annual General Meeting to be held in 2014, save that the company may enter into a contract for the purchase of ordinary shares before the expiry of this authority which would or might be completed wholly or partly after its expiry. As of March 25, 2013, the company has 99,994,773 shares outstanding.
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Abbey Protection Plc (AIM:ABB) acquired a controlling interest in Lewis Hymanson Small Solicitors LLP on February 28, 2013. Post transaction, Abbey Protection will become the new corporate partner of Lewis Hymanson Small LLP. All partners of Lewis Hymanson Small Solicitors, including founding partners Ian Lewis and Graham Small, will remain with Lewis Hymanson Small Solicitors and its name will be retained. Ed Berry and Tom Willetts of FTI Consulting acted as public ... relation advisors, Charles Farquhar of Numis acted as joint brokers, Bidhi Bhoma and Toby Gibbs of Shore Capital acted as joint brokers and nominated advisors for Abbey Protection Plc.
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