The shareholders of Character Group plc (AIM:CCT) authorized a share repurchase program at its Annual General Meeting on January 29, 2013. Under the program, the company will repurchase up to 5,648,000 shares, representing 25.91% of its issued share capital. The company is hereby generally and unconditionally authorized for the purposes of section 701 of the Act, to make market purchases as defined in section 693(4) of the Act.

The minimum price which may be paid for each ordinary share will not be less than 5p, the nominal value of each ordinary share and the maximum price which may be paid for each ordinary share will not be more than 5% above the average middle market quotations for the ordinary shares taken from the Daily Official List of the London Stock Exchange for the five business days immediately before the date of purchase. The company is generally and unconditionally authorized to make market purchases as defined in Section 693(4) of the Companies Act 2006. The company may contract to purchase its own shares under the authority hereby conferred prior to the expiry of such authority, which will or may be executed wholly or partly after the expiry of such authority, and may make a purchase of its own shares in pursuant of any such contract.

The share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting in 2014, or after 15 months from this repurchase program. As of December 18, 2012, the company had 22,593,578 ordinary shares outstanding excluding shares held in treasury.