OSB Group Confirms Share Repurchase Activity Details

Author: Dylan Bailey Updated: 05-21-2025 02:02 AM

Overview of the Share Repurchase Initiative

OSB GROUP PLC
ISIN: GB00BLDRH360

LEI number: 213800ZBKL9BHSL2K459

OSB GROUP PLC (the “Company”)
Transaction in Own Shares

In a strategic move to enhance shareholder value, the Company has made significant progress in its ongoing share buyback program. On a designated trading day, the Company acquired a total of 30,000 of its ordinary shares of £0.01 each through reputable trading platforms. These repurchased shares are earmarked for cancellation.

Details of the Transactions

The repurchase took place on the London Stock Exchange, utilizing the brokerage services of Citigroup Global Markets Limited. Here are the key details pertaining to this transaction:

Share Details

Number of shares purchased: 30,000 ordinary shares

Pricing Information

Below is the pricing structure of the shares purchased:

Highest price paid per ordinary share: 482.80p
Lowest price paid per ordinary share: 478.00p
Volume weighted average price paid: 480.37p

Implications of the Buyback

This activity forms part of the Company's comprehensive buyback strategy, publicly announced earlier. With each share cancellation, the total number of ordinary shares in issue will decrease, thus maintaining the focus on optimizing the company's capital structure.

Vote of Confidence from the Company

Post completion of this transaction and corresponding cancellations, the Company will have a total of 366,434,715 ordinary shares remaining in circulation. Importantly, there are no shares kept in treasury, thus reaffirming the full volume of voting rights held within the Company.

Conclusion:

This recent initiative underscores OSB Group’s commitment to enhancing shareholder value through proactive capital management strategies. Such efforts demonstrate the Company's dedication to its financial health and to delivering shareholder returns.

Frequently Asked Questions

What is the purpose of the share repurchase program?

The share repurchase program aims to enhance shareholder value by reducing the number of outstanding shares and improving earnings per share (EPS).

How many shares did OSB Group repurchase in this transaction?

OSB Group repurchased a total of 30,000 ordinary shares in this transaction.

What platforms were used for the share repurchase?

The shares were purchased through the London Stock Exchange utilizing the broker services of Citigroup Global Markets Limited.

What factors influence the share price during a buyback?

Factors include market conditions, perceived company value, and strategic intentions behind buybacks.

How does a share buyback impact existing shareholders?

Share buybacks can positively influence existing shareholders by increasing their ownership percentage and potentially raising the stock price due to reduced supply.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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