Business
Commencement of Share Buyback
Commencement of Share Buyback.
About this update from Oxford Instruments Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\n25 June 2025Oxford Instruments plc (the “Company”)Commencement of Share BuybackFurther to the announcement of 10 May 2025, Oxford Instruments plc (the “Company”), a leading provider of high technology products and systems for industry and research, announces that from today it will commence a programme to purchase up to £50 million of the Company's ordinary shares of 5 pence each (the \"Ordinary Shares\") (the \"Programme\") by no later than 24 June 2026.The purpose of the Programme is to reduce the Company's share capital and accordingly the Company intends to cancel the Ordinary Shares purchased under the Programme however the Company may transfer some shares to Treasury to be used in relation to the Company’s employee share option plans.Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Company confirms that it currently has no unpublished Inside Information.The Programme will be conducted by the Company in accordance with and under the terms of the general authority granted by the Company's shareholders at the Company's Annual General Meeting on 25 July 2024, which authority will expire at the end of the next Annual General Meeting of the Company in 2025 or, if earlier, at the close of business on 30 September 2025 (\"2024 Authority\"). Purchases effected following the expiry of the 2024 Authority will be conditional on a similar shareholder authority being granted at the Company's annual general meeting to be held on 28 July 2025. The Company has appointed its broker Numis Securities Limited (\"Deutsche Numis\") to manage the Programme and has issued an irrevocable instruction to Deutsche Numis to continue to manage the Programme, within pre-set parameters, during any closed period. The Programme will be carried out on the London Stock Exchange and other trading venues1 and executed within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (as each forms part of domestic law under the European Union (Withdrawal) Act 2018, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019) and Chapter 9 of the UK Listing Rul...