The shareholders of Smiths News Plc (LSE:NWS) authorized a share repurchase program at its Annual General Meeting on January 27, 2012. Under the program, Smith News will repurchase up to 18,345,425 shares, representing 10% of its issued share capital. The minimum price which may be paid per ordinary share will be £0.05. The maximum price which may be paid for each ordinary share is an amount (exclusive of all expenses) equal to the higher of either 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the ordinary share is purchased and the price stipulated by Article 5(1) of the Buy-back and Stabilization Regulation 2003. The program will expire at the conclusion of the next Annual General Meeting or on February 28, 2013, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting. As of November 1, 2011, the company has 183,454,256 shares in issue.


Smiths News Plc's share repurchase program expired on January 24, 2013. No repurchases were made.