Victrex plc will seek shareholder approval for a share repurchase program at its Annual General Meeting to be held on February 5, 2013. Under the program, the company will repurchase up to 8,450,807 shares, representing 10% of its issued capital. The minimum price which may be paid per ordinary share will be £0.01 exclusive of expenses.

The maximum price, exclusive of expenses, which may be paid for any ordinary share shall be the higher of an amount equal to 105% of the average of the closing price of the company's ordinary shares as derived from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which such share is contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange at the time the purchase is carried out. The company is generally and unconditionally authorized to make market purchases in accordance with section 693(4) of the 2006 Act. The program will expire at the conclusion of the next Annual General Meeting or on May 5, 2014, whichever is earlier, unless previously renewed, varied or revoked by the company in a general meeting.

As of December 7, 2012, the company had 84,508,070 ordinary shares and no shares in treasury.