Oxford Metrics (GB:OMG) has released an update.
Oxford Metrics PLC, a leading smart sensing and software company, has announced a share buyback programme to return up to £6m to shareholders, reflecting confidence in the company’s financial strength and commitment to delivering shareholder value. The buyback, to be executed by Deutsche Numis on behalf of the company, will see the repurchased shares cancelled, potentially benefiting the stock’s value. Alongside the buyback, Oxford Metrics has also announced the acquisition of The Sempre Group Holdings Ltd, aiming to further invest in the business and pursue accretive M&A opportunities.
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