logo
Plus   Neg
Share
Email

Oxford Immunotec Board Oks $100 Mln Share Repurchase, Reaffirms Q4 Growth View

Oxford Immunotec Global PLC (OXFD) announced that its board has approved a share purchase program, which would involve the purchase of up to $100 million of the Company's outstanding ordinary shares over a five-year period.

The share purchase program, which is subject to shareholder approval, will be presented for shareholder approval on or before the company's annual general meeting of shareholders on Tuesday, June 18, 2019.

"Today's announcement reflects our continued confidence in our independent growth prospects, and reinforces our commitment to deliver value to our shareholders. We believe the potential to repurchase our shares around recent levels represents a highly compelling opportunity to deploy some of the proceeds from the divestiture of our U.S. laboratory services business late last year," said Dr. Peter Wrighton-Smith, Chief Executive Officer of Oxford Immunotec.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
erman software giant SAP SE announced the launch of its blockchain-based supply chain tracking system that helps eliminate counterfeit drugs along the pharmaceutical supply chain. In a statement, the company noted that its blockchain-based solution helps customers comply with the U.S. Drug Supply Chain Security Act or DSCSA. Ford Motor Co. plans to launch an all-electric plugin version of its popular F-150 pickup truck. The announcement was made by Jim Farley, Ford's president of Global Markets, during a presentation at the Deutsche Bank Global Automotive Conference in Detroit. Ford's announcement comes as the auto industry transitions away from fossil fuel-powered transportation to electric vehicles. Logistics giant UPS' investment arm Strategic Enterprise fund made an equity investment in blockchain-for-business company Inxeption Corp. In a statement, Inxeption, an industrial-strength eCommerce platform built on Blockchain, said the investment will be used to create innovative new e-commerce solutions for B2B sellers and buyers.
Follow RTT