OSB Group's Share Buyback Announcement and Key Details
Overview of the Share Buyback by OSB Group
OSB GROUP PLC
ISIN: GB00BLDRH360
LEI number: 213800ZBKL9BHSL2K459
OSB GROUP PLC (the “Company”)
Transaction in Own Shares
OSB Group has recently completed a significant transaction involving the repurchase of its own shares. In doing so, the Company aims to enhance shareholder value while ensuring the capital structure is optimized.
Details of the Share Purchase
On June 2, the Company executed the buyback of 1,787 of its ordinary shares at the London Stock Exchange and related platforms through Citigroup Global Markets Limited, its broker. These shares will be cancelled following the repurchase. This strategic move is part of a broader share buyback program initially announced earlier this year.
Purchase Pricing Information
The transaction saw the shares being acquired within a narrow price range. The highest price paid per ordinary share was noted at 490.00p, whereas the lowest recorded price was 489.80p. Additionally, the volume-weighted average price for these shares stood at 489.97p. This demonstrates the Company’s commitment to execute the buyback efficiently while capturing favorable market conditions.
Impact of the Share Buyback
Upon settling the repurchase and the subsequent cancellation of these ordinary shares, the total number of ordinary shares outstanding will be 366,181,783. Importantly, OSB Group does not hold any shares in treasury, ensuring that the voting rights in the Company align precisely with the outstanding shares, maintaining a transparent governance approach.
This purchase is a step towards strengthening OSB Group's position in the market and reflects management's ongoing commitment to returning value to its shareholders amidst evolving market scenarios.
In compliance with Article 5(1)(b) of Regulation (EU) No 596/2014 as adopted in English law, a detailed breakdown of trades done by Citigroup Global Markets Limited on behalf of the Company is established. This compliance is crucial in maintaining investor trust and regulatory adherence.
Schedule of Transactions
The specifics of individual trades provide transparency into the buyback process. Below are examples of the transactions made by Citigroup:
| Transaction Date | Trade Time | Currency | Volume | Price | Trading Venue | Transaction ID |
| 02-06-2025 | 15:03:23 | GBP | 302 | 489.80 | XLON | xHaNwL4sG0C |
| 02-06-2025 | 15:03:23 | GBP | 435 | 490.00 | XLON | xHaNwL4sG0E |
| 02-06-2025 | 15:01:00 | GBP | 1,050 | 490.00 | XLON | xHaNwL4sSZU |
Through these detailed transactions, OSB Group upholds its transparency commitment, shedding light on its operations and shareholder interactions.
Frequently Asked Questions
What is the purpose of OSB Group's share buyback?
The share buyback aims to enhance shareholder value by reducing the number of outstanding shares and increasing earnings per share.
How many shares did OSB Group purchase?
OSB Group repurchased a total of 1,787 ordinary shares as part of its buyback program.
Where were the shares bought back?
The shares were purchased at the London Stock Exchange as well as other trading platforms like CBOE BXE and CBOE CXE.
What were the highest and lowest prices paid for the shares?
The highest price paid was 490.00p and the lowest price was 489.80p during the transaction.
What will be the impact of the share buyback on voting rights?
The total number of voting rights will remain in alignment with the total number of ordinary shares, ensuring no dilution of shareholder power.
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