The shareholders of Earthport plc (AIM:EPO) authorized a share repurchase program at the Annual General Meeting on December 14, 2012. Under the program, the company will repurchase up to 85,077,459 ordinary shares, representing 25% of the issued ordinary share capital. The shares will be repurchased at a minimum price per share of 10p and a maximum price which may be paid for any such share is an amount equal to 120% of the average of the middle market quotations for ... a share as derived from the AIM Appendix to the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day on which the share is contracted to be purchased. The company is hereby generally and unconditionally authorized in accordance with Section 701 of the Companies Act 2006, to make one or more market purchases within the meaning of Section 693(4) of the Act. Unless previously renewed, varied or revoked, the authority will be effective until the conclusion of the next Annual General Meeting of the company. As of November 22, 2012, the company had 340,309,835 ordinary shares in issue.
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