Hi Iplaye,Although I'm new to AZZ, the detail in the buy-back...

Hi Iplaye,

Although I'm new to AZZ, the detail in the buy-back announcement suggests that the 10% refers to "10% of the smallest number, at any time in the last 12mths, of votes attached to voting shares in the company"
This is apparently known as the "10/12 limit" and avoids the need for a resolution (shareholder vote).

Its all there on page 5 of the form published as the announcement under the heading "Type of Share Buy Back"

So I will assume that AZZ has over the last 12mths given away some shares and so had a smaller number out there, giving the anomalous 10% figure

sasa