Oxford Metrics launches £3m share buyback program

London - Oxford Metrics plc (LSE:OMG) has announced a share buyback program of up to £3 million, the company revealed in a press release today. The technology firm, catering to life sciences, entertainment, engineering, and manufacturing sectors, has engaged Panmure Liberum Limited to manage the buyback on its behalf. The buyback will kick off on Monday, with Panmure Liberum autonomously deciding on the repurchase of the company's ordinary shares valued at 0.25 pence each, subject to pre-defined guidelines.

The repurchased shares will be kept in the company's treasury. The purchases will be conducted via open market transactions, with the frequency and volume depending on market conditions, stock price, and trading activity. The buyback program is authorized by shareholders, as decided at the company's Annual General Meeting on February 25, 2026, allowing for the acquisition of a maximum of 11,493,133 ordinary shares, of which 9,446,133 have yet to be repurchased.

This authorization is set to lapse at the conclusion of the company's subsequent Annual General Meeting in 2027. The program adheres to Market Abuse Regulation 596/2014/EU integrated into UK law. However, the company noted that there may be periods when share repurchases surpass 25 percent of the average daily volume of ordinary shares for the 20 trading days preceding the repurchase.

As of now, Oxford Metrics is reported to be in the clear of any unpublished price-sensitive information. This story was AI-supported and subsequently reviewed by a human editor. More details can be found in our Terms of Use.