REG - Oxford Metrics PLC - Extension to Share Buyback Programme

Oxford MetricsAnnouncement

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RNS Number : 5958Q  Oxford Metrics PLC  10 July 2025

10 July 2025

Oxford Metrics plc
("Oxford Metrics" or the "Company")

Extension to Share Buyback Programme

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

 

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.

Oxford Metrics trades through its market-leading division Vicon, Industrial
Vision Systems, and recently acquired, Sempre Group. Vicon
(https://www.vicon.com/)  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 (https://www.industrialvision.co.uk/)  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 (https://www.thesempregroup.com/)  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
(http://www.oxfordmetrics.com/) .

 

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