14 March 2025 - Oxford Metrics plc (LSE: OMG), the smart sensing and software company, servicing life sciences, entertainment, engineering and smart manufacturing markets, is pleased to announce the continuation of its on-market share buyback programme (the "Share Buyback Programme") as announced on 11 October 2024.
The Company has entered into a non-discretionary arrangement with Panmure Liberum Limited to conduct the Share Buyback Programme on its behalf starting from today. Under these arrangements, Panmure Liberum will make trading decisions in relation to the buyback of the Group's ordinary shares of 0.25 pence each independently of the Group within the programme terms and pre-set parameters.
All ordinary shares repurchased by the Group under the Share Buyback Programme will be cancelled.
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 Group's February 2025 Annual General Meeting to purchase a maximum of 12,971,678 Ordinary Shares. This authority will expire at the conclusion of the next annual general meeting of the Company in 2026, however the Board intend to seek renewal of this power at its 2026 annual general meeting. Of this authority the Company has purchased and announced the purchase of 988,590 Ordinary Shares.
The Share Buyback Programme will 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The Group confirms that it currently has no unpublished price sensitive information.
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