Irish Continental Group plc (ISE:IR5A) announces a share repurchase program. Under the program, the company will repurchase up to 15% of its outstanding shares. The minimum price (exclusive of expenses) which may be paid for any share is an amount equal to its nominal value.

The maximum price (exclusive of expenses) which may be paid for any share shall not exceed the higher of either the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out, as stipulated by Article 5(1) of Commission Regulation (EC) (No. 2273/2003) of December 22, 2003 implementing the Market Abuse Directive 2003/6/EC as regards exemptions for buy-back programs and stabilization of financial instruments and 105% of the average of the relevant price for such shares of the same class for each of the five business days immediately preceding the day of the purchase of the shares. The shares will be repurchased on the market.

The plan will expire at the conclusion of the next Annual General Meeting of the company or if earlier, on November 21, 2015, unless previously varied, revoked or renewed.