REG - Oxford Metrics PLC - Share Buyback Programme - Update

Oxford MetricsAnnouncement

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RNS Number : 2958V  Oxford Metrics PLC  04 March 2026

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

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 confirm the continuation of its Share Buyback Programme
which will return, in aggregate, up to £10m in cash to its shareholders (the
"Buyback Programme") following the conclusion of the Company's 2026 AGM held
on 25 February 2026 (the "2026 AGM").

The Company announced on 11 October 2024 that it intended returning up to £6m
to shareholders through the Buyback Programme, with an increase of £4m, for a
total of £10m to be returned to shareholders being announced on 10 July 2025.

To date, the Buyback Programme has been implemented under the authority
granted by shareholders at the Company's 2025 Annual General Meeting, which
authorised the Company to purchase up to 12,971,678 Ordinary Shares. Under
this authority (and until the 2026 AGM), the Company had repurchased 6,470,000
Ordinary Shares, returning approximately £9m to shareholders. The Buyback
Programme was implemented pursuant to a non-discretionary arrangement with
Panmure Liberum Limited, which terminated following the 2026 AGM.

The Company today announces that it has extended its irrevocable and
non-discretionary arrangement with Panmure Liberum to conduct the remaining
portion of the Buyback Programme, in an amount of up to approximately £1m on
its behalf starting today. Following completion of the abovementioned buyback,
and as indicated in its AGM Statement on 25 February 2026, the Board expects
to set out the Group's refined strategy, including further detail on capital
allocation within its three-year framework, in due course.

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 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 2026 AGM, to purchase a maximum of 11,493,133 Ordinary Shares. This
authority will expire no later than the conclusion of the next annual general
meeting of the Company in 2027.

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.

 

For further information please contact:

 Oxford Metrics                                                                                                           +44 (0)1865 261 860
 Imogen O'Connor, CEO
 Zoe Fox, CFO

 Panmure Liberum (Nomad & Broker)                                                                                         +44 (0)20 3100 2000
 James Sinclair-Ford / Rupert Dearden / Gaya Bhatt

 Alma Strategic Communications                                                                                            +44 (0)20 3405 0205

 Hilary Buchanan / Rebecca Sanders-Hewett

David Ison / Kinvara
 Verdon

About Oxford Metrics

Oxford Metrics (LSE:OMG) is a smart sensing and measurement technology Group
that serves thousands of customers in more than 70 countries. Founded in 1984,
we started our journey in healthcare, expanded into entertainment, winning an
OSCAR® and an Emmy®, moved into engineering and more recently, 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 two divisions; in motion capture its market-leading
company Vicon Motion Systems (http://www.vicon.com) provides motion
measurement analysis to thousands of customers worldwide in healthcare,
entertainment and engineering markets. In Smart Manufacturing, Industrial
Vision and Metrology Systems (http://www.ivms.com)  is a specialist in
machine vision software and measurement  providing high precision, automated
quality control systems trusted by blue-chip, manufacturing companies in
medical devices, pharmaceuticals, aerospace, automotive and precision
engineering markets.

The Group is headquartered in Oxford with offices in the United Kingdom,
Ireland, 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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