The shareholders of Wolfson Microelectronics plc (LSE:WLF) authorized a share repurchase program at its Annual General Meeting on April 25, 2013. Under the program, the company will repurchase up to 11,664,394 shares representing 10% of its issued capital as at March 1, 2013. The company is generally and unconditionally hereby authorized for the purposes of section 701 of the Companies Act 2006 as amended, to make market purchases within the meaning of section 693 of ... the Act. The minimum price which may be paid for any such ordinary share is £0.001, exclusive of the expenses and the maximum price, exclusive of the expenses, which may be paid for any such ordinary share is an amount equal to 105% of the average of the middle market closing quotations for an ordinary share as derived from the Daily Official List of the London Stock Exchange for the five business days immediately preceding the day of purchase. Unless previously renewed, revoked or varied, the program shall expire on the earlier of 15 months after the passing of this resolution or at the conclusion of the next Annual General Meeting in 2014.
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