The shareholders of Redhall Group (AIM:RHL) authorized a share repurchase program at its Annual General Meeting on February 6, 2013. Under the program, the company will repurchase up to 2,984,670 shares representing of 10% issued share capital. The minimum price paid for each share will be shall be 25 pence and the maximum price which may be paid for a share shall be an amount equal to 105% of the average of the middle market quotations derived from the London Stock ... Exchange Daily Official List for the shares for the five business days immediately preceding the date of purchase and the value of an Ordinary Share calculated on the basis of the higher of the price quoted the last independent trade of and the highest current independent bid. The company is generally and unconditionally authorized to make market purchases in accordance with sections 693 and 701 of the Companies Act 2006. The shares repurchased by the Company under the authority would either be cancelled or held as treasury shares. The plan shall expire at the conclusion of the next Annual General Meeting of the company or after 12 months, whichever is earlier.
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