The shareholders of Safestore Holdings plc (LSE:SAFE) authorized a share repurchase program at its Annual General Meeting on March 20, 2013. Under the program, the company will repurchase up to 18,813,508, representing 10% of the issued share capital of the company. The minimum price (exclusive of expenses) which may be paid for such ordinary shares is 1 pence per share, being the nominal amount thereof. The maximum price (exclusive of expenses) which may be paid for ... such ordinary shares shall be an amount equal to the higher of 5% above the average of the middle market quotations for such shares taken from The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the purchase is made; and the higher of the price of the last independent trade of an ordinary share and the highest current independent bid for an ordinary share as derived from the London Stock Exchange Trading systems SETS. The authority is valid for a period of 18 months or next Annual General Meeting, whichever is earlier. As of March 20, 2013, the company has 188,135,088 issued ordinary shares.
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