The shareholders of Aggreko plc (LSE:AGK) authorized a share repurchase program at its Annual General Meeting on April 25, 2013. Under the program, the company will repurchase up to 26,857,931 shares, representing 9.99% of its issued share capital. The maximum price which may be paid for an ordinary share is an amount equal to 105% of the average of the middle market quotations for the ordinary shares taken from the London Stock Exchange plc Daily Official List for the ... five business days before the day on which the share is contracted to be purchased by the company and the minimum price which may be paid for an ordinary share is its nominal value. The company is generally and unconditionally authorized to make market purchases as defined in Section 693(4) of the Companies Act 2006.The program will be valid till the next Annual General Meeting in 2014, or till June 30, 2014, whichever is earlier. As of April 25, 2013, the company has 268,976,059 issued ordinary shares.
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