REG - Origin Enterprises - Extension of Share Buyback Programme

Origin EnterprisesAnnouncement

15/07/2024 17:00

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RNS Number : 4746W  Origin Enterprises Plc  15 July 2024

 

 

Extension of Share Buyback Programme

 

15 July 2024

 

Origin Enterprises plc ("Origin" or the "Company") announces its decision to
extend its existing share buyback programme of up to €20m (the "Share
Buyback Programme"), originally due to expire on 29 July 2024, for a further
two months to 30 September 2024 in order to allow the Share Buyback Programme
to be completed. Save as set out herein, the Share Buyback Programme will
otherwise operate under the same terms as previously announced on 20 November
2023.

 

The Share Buyback Programme may continue until 30 September 2024 subject to
market conditions, the ongoing capital requirements of the business and
termination provisions customary for arrangements of this nature.

 

The purpose of the Share Buyback Programme is to reduce the share capital of
the Company. The repurchased ordinary shares will be held in treasury pending
their cancellation or re-issue in due course. The maximum number of ordinary
shares to be repurchased under the Share Buyback Programme is 11,203,198.
Any repurchases will be carried out on Euronext Dublin.

 

Goodbody will continue to make its trading decisions in relation to the
Company's shares independently of, and uninfluenced by, the Company and in
accordance with certain pre-set parameters. The Share Buyback Programme will
continue to be conducted: (i) in accordance with the Company's general
authority to repurchase ordinary shares as approved by the shareholders at the
Company's AGM on 16 November 2023; and (ii) the parameters prescribed by the
Market Abuse Regulation 596/2014/EU, the Commission Delegated Regulation (EU)
2016/1052 and the applicable laws and regulations of Euronext Dublin.

 

The Share Buyback Programme may be supplemented by the purchase of ordinary
shares by way of block trades effected by Goodbody as agent of the Company in
accordance with the Company's general authority to repurchase shares. Any
shares repurchased through block trades will count towards the maximum
consideration payable, and the maximum number of shares that may be purchased,
by the Company under the Share Buyback Programme.

 

Details of any ordinary shares repurchased under the Share Buyback Programme
will be notified to a Regulatory Information Service by the Company following
repurchase. The Company confirms that currently it has no unpublished inside
information.

 

 

ENDS

 

 

Enquiries:

 

Origin Enterprises plc

Emer
Moran
Tel: +353 (0)1 563 4900

Company Secretary

 

Brendan Corcoran

Head of Investors Relations and Group Planning              Tel:
+353 (0)1 563 4900

 

 

 

 

About Origin Enterprises plc

 

Origin Enterprises plc is an international Agronomy-Services group, providing
specialist advice, inputs and digital solutions to promote sustainable land
use. The Group has leading market positions in Ireland, the United
Kingdom, Brazil, Poland and Romania. Origin's ordinary shares are listed on
the Euronext Growth (Dublin) market of Euronext Dublin and the AIM market of
the London Stock Exchange.

 Euronext Growth (Dublin) ticker symbol:   OIZ
 AIM ticker symbol                         OGN

 Website:                                  www.originenterprises.com (http://www.originenterprises.com)

 

 

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