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has no unpublished price sensitive information.
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Oxford Metrics
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+44
(0)1865 261860
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Imogen O'Connor, CEO
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Zoe Fox, CFO
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Panmure Liberum (Nomad & Broker)
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+44
(0)20 3100 2000
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Max Jones / James Sinclair-Ford /
Ailsa Macmaster / Gaya Bhatt
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FTI
Consulting
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+44
(0)20 3727 1000
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Matt Dixon / Emma Hall / Jemima
Gurney
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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.
