The shareholders of T Clarke plc (LSE:CTO) authorized a share repurchase program at its Annual General Meeting on May 10, 2013. Under the program, the company will repurchase up to 4,140,167 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share will not be less than 10p, the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share will not be more than 5% above the ... average 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. The company 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 earliest of the conclusion of the next Annual General Meeting in 2014 or after 12 months from this repurchase program. As of April 4, 2013, the company had 41,401,670 shares outstanding.
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