MEPC Limited Announces Renewal of QUIPS Repurchase Program.LONDON -- MEPC MEPC Marine Environment Protection Committee MEPC Middle East Policy Council MEPC Malawi Export Promotion Council MEPC Military Entrance Processing Command MEPC Medical Examination Publishing Company MEPC Most Efficient Cost Producer Limited (The "Company") (NYSE NYSE See: New York Stock Exchange : MUK MUK Medien Und Kommunikation A) announced today that its Board of Directors has approved the renewal of its repurchase programme of up to $40 million or approximately 19%, of the Company's outstanding 9 1/8% Cumulative Guaranteed Quarterly Income Preferred Securities (QUIPS QUIPS See Quarterly Income Preferred Securities (QUIPS). ), (Series A). The program has been authorised to last for up to 12 months. Since inception of the repurchase program in June 2001 the Company has purchased approximately $29.9 million of QUIPS. Gavin Lewis, Head of Corporate Finance of MEPC Limited said, "This program will enable us to continue purchasing QUIPS in the market from time to time, which we believe should be beneficial both to the company and to QUIPS investors." |
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