25th Jun 2025 11:04
(Alliance News) - Oxford Instruments PLC on Wednesday said it has launched a share buyback programme of up to GBP50 million, aiming to reduce its share capital over the next year.
The Abingdon, England-based provider of high technology products and services to industry and scientific research communities said the repurchase initiative, first announced in May, begins immediately and will run until no later than June 24, 2026.
Under the plan, up to 5.8 million shares may be bought back and either cancelled or held in treasury for use in employee share schemes.
The company has appointed its broker, Numis Securities Ltd, trading as Deutsche Numis, to manage the programme within preset parameters, including during any closed periods.
Oxford Instruments said the buyback will be carried out under the shareholder authority granted at its July 2024 annual general meeting. Any purchases made after the expiry of that authorisation on September 30 will depend on renewed approval at the July 2025 AGM.
Shares in Oxford Instruments were up 2.0% at 1,822.91 pence in London on Wednesday morning, for a total market capitalisation of GBP1.06 billion.
By Eva Castanedo, Alliance News reporter
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