The shareholders of Character Group plc (AIM:CCT) authorized a share repurchase program at its Annual General Meeting on January 18, 2012. Under the plan, the company will repurchase up to 5,942,000 shares, representing 25.91% of its issued share capital. 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. This program will expire after 15 months or at the conclusion of the next Annual General Meeting, whichever is earlier. As of December 14, 2011, the company has 22,935,581 ordinary shares outstanding excluding shares held in treasury.

Till August 31, 2012, the company has repurchased 428,850 shares, representing 1.87% for £0.59 million.

Character Group plc's share repurchase program expired on January 29, 2013.