Extension to Share Buyback Programme
Oxford Metrics extends share buyback programme by £4m to total £10m, with initial £6m completed.
- Total Share Buyback Programme £10m
- Initial tranche completed £6m
- Extension approved £4m
- Ordinary Shares purchased to date 6,030,090
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Oxford Metrics plc (LSE: OMG), the smart sensing and software company, servicing life sciences, entertainment, engineering and smart manufacturing markets, is pleased to provide the below update in relation to its on-market share buyback programme (the "Share Buyback Programme").
On 11 October 2024, the Company announced that it would return up to £6m in cash to its shareholders through the Share Buyback Programme and, on 18 June 2025, announced that its Board of directors had approved an extension of £4m to the Share Buyback Programme, and intended returning, in aggregate, up to £10m in cash to its shareholders. The initial £6m buyback has now been completed and the Company has subsequently entered into a further irrevocable and non-discretionary arrangement with Panmure Liberum Limited to conduct the remaining portion of up to £4m on its behalf.
Pursuant to these arrangements, Panmure Liberum will make discretionary trading decisions in relation to the buyback of the Company's ordinary shares with a nominal value of 0.25p (the "Ordinary Shares"), independently of the Company within the programme terms and pre-set parameters.
All Ordinary Shares repurchased by the Company under this continuation of the Share Buyback Programme will be cancelled.
Ordinary Shares purchased under the Share Buyback Programme will continue to take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volumes. The Share Buyback Programme will be effected under the authority granted by shareholders at the Company's most recent Annual General Meeting, held on 19 February 2025 (the "AGM"), to purchase a maximum of 12,971,678 Ordinary Shares. Under this authority, and since the AGM, the Company has purchased 6,030,090 Ordinary Shares.
The Share Buyback Programme will continue to be conducted within the parameters of the Market Abuse Regulation 596/2014/EU as it forms part of UK law by virtue of the European Union (withdrawal) Act 2018, as amended and the delegated regulations made pursuant to it, save that there may be circumstances where the Company conducts share repurchases such that they exceed 25 per cent of the average daily volume in Ordinary Shares for the 20 trading days prior to the share repurchase.
The Company confirms that it currently has no unpublished price sensitive information.
| Oxford Metrics | +44 (0) 18 6526 1860 |
| Imogen O'Connor, Chief Executive Officer | |
| Zoe Fox, Chief Financial Officer | |
| Panmure Liberum (Nomad & Broker) | +44 (0) 20 3100 2000 |
Max Jones / James Sinclair-Ford / Ailsa Macmaster / Gaya Bhatt
| FTI Consulting | +44 (0) 20 3727 1000 |
Matt Dixon / Emma Hall / Jemima Gurney
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.