REG - Oxford Metrics PLC - Share Buyback Programme - Update

Oxford MetricsAnnouncement

14/03/2025 07:00

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RNS Number : 6268A  Oxford Metrics PLC  14 March 2025

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The Group confirms that it currently has no unpublished price sensitive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
(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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