The shareholders of Greencore Group plc (LSE:GNC) authorized a share repurchase program at its Annual General Meeting on February 9, 2012. Under the program, the company will repurchase up to 10% of its issued capital. The minimum price which may be paid for any share shall be the nominal value of the share. The maximum price which may be paid for any share shall be an amount equal to 105% of the average of the five amounts resulting from determining in relation to the shares of the same class as the relevant share shall be appropriate for each of the five business days immediately preceding the day on which the relevant share is purchased, as determined from the information published in the daily official list of the London Stock Exchange plc reporting the business done on each of these five business days either if there shall be more than one dealing reported for the day, the average of the prices at which such dealings took place or if there shall be only one dealing reported for the day, the price at which such dealing took place; or if there shall not be any dealing reported for the day, the average of the prices quoted in respect of that share for the day and if there shall not be any quotation reported for any particular day then that day shall not count as one of the said five business days for the purposes of determining the maximum price. The program will expire at the next Annual General Meeting or on August 9, 2013, whichever is earlier.


Greencore Group plc's share repurchase program expired on January 29, 2013. Under the program, the company has made no repurchases.