14 March 2025
Oxford Metrics plc
("Oxford Metrics" or the "Group")
Share Buyback Programme - Update
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The Group confirms that it currently has no unpublished price sensitive information.
Oxford Metrics |
+44 (0)1865 261860 |
Imogen O'Connor, CEO |
|
Zoe Fox, CFO |
|
|
|
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 |
|
About Oxford Metrics
Oxford Metrics is a smart sensing and software company that enables the interface between the real world and its virtual twin. Our smart sensing technology helps over 10,000 customers in more than 70 countries, including all of the world's top 10 games companies and all of the top 20 universities worldwide. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, moved into defence, engineering and smart manufacturing. We have a strong track record of creating value by incubating, growing and then augmenting through acquisition, unique technology businesses.
The Group trades through its market-leading division Vicon, Industrial Vision Systems, and recently acquired, The Sempre Group. Vicon is a world leader in motion measurement analysis to thousands of customers worldwide, including Red Bull, Imperial College London, Dreamscape Immersive, Industrial Light & Magic, and NASA. Industrial Vision Systems is a specialist in machine vision software and technology for high precision, automated quality control systems trusted by blue-chip, smart manufacturing companies across the globe including BD, DePuy, Jaguar Land Rover, Johnson & Johnson, Zytronic and Alkegen. Sempre is a measurement specialist solving manufacturing challenges across multiple industries. Through their expert in-house consultants and partnerships with over 25 well-known manufacturers including Jenoptik, Renishaw and Micro-Vu, Sempre offers an extensive range of products and software to customers in aerospace, automotive, medical, energy and precision engineering.
The Group is headquartered in Oxford with offices in the United Kingdom, United States and Germany. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange. For more information about Oxford Metrics, visit www.oxfordmetrics.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
MSCJJMRTMTMBBIA