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LONDON - Oxford Metrics plc (LSE:OMG), a smart sensing and software company, announced Thursday it has extended its share buyback program by an additional £4 million, bringing the total program value to £10 million.
The company has completed its initial £6 million buyback that was announced on October 11, 2024, and has entered into a new arrangement with Panmure Liberum Limited to execute the remaining £4 million portion. The extension was first approved by the company’s board on June 18, 2025.
Panmure Liberum will make independent trading decisions regarding the repurchase of Oxford Metrics’ ordinary shares within pre-established parameters. All shares repurchased will be cancelled.
The buyback will be conducted in open market transactions, with timing dependent on market conditions, share price, and trading volumes. The program operates under shareholder authority granted at the company’s Annual General Meeting on February 19, 2025, which permits the purchase of up to 12,971,678 ordinary shares. Since that meeting, the company has already purchased 6,030,090 shares.
The program will continue to operate within UK Market Abuse Regulation parameters, though the company noted there may be circumstances where repurchases exceed 25 percent of the average daily volume for the preceding 20 trading days.
Oxford Metrics serves customers across life sciences, entertainment, engineering, and smart manufacturing markets through its divisions including Vicon, Industrial Vision Systems, and recently acquired Sempre Group.
The information was provided in a press release statement issued by the company.
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