Britvic Plc (LSE:BVIC) announces a share repurchase program. Under the program, the company will repurchase up to 24,509,103 shares, representing 9.92% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for any ordinary share is an amount equal to 20p and the maximum price (exclusive of expenses) which may be paid for each ordinary share is the higher of either an amount equal to 5% above the average closing price of such ordinary shares for the five business days on the London Stock Exchange prior to the date of purchase and an amount equal to the higher of the price of the last independent trade of any ordinary share and the highest current independent bid for an ordinary share as derived from the London Stock Exchange Trading Systems. Any purchases of ordinary shares would be by means of market purchases through the London Stock Exchange.

The company will cancel all of the shares it may purchase. The directors have no present intention of exercising the authority to purchase the company's ordinary shares but will keep the matter under review, taking into account the financial resources of the company, the company's share price and future funding opportunities. The authority will be exercised only if the directors believe that to do so would result in an increase in earnings per share and would be in the interests of shareholders generally.

The program shall expire at the earliest of the conclusion of the next Annual General Meeting or on January 28, 2015. As of January 27, 2014, the company has 247,068,136 shares in issue.