Oxford Instruments PLC (OXIG.L), a provider of high-technology products and systems, said on Wednesday that it will commence a program to repurchase up to 50 million pounds of shares at 5 pence per share by June 24, 2026.
The maximum number of shares that may be repurchased under the program is 5.791 million. This share repurchase drive aims to reduce the company's share capital.
Oxford Instruments has appointed its broker, Numis Securities Limited, to manage the repurchase and has issued an irrevocable instruction to Deutsche Numis to continue to manage the program.
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