OSB Group PLC's Share Buyback Initiative Clarified

OSB Group PLC Announces Share Buyback Details
OSB GROUP PLC
ISIN: GB00BLDRH360
LEI number: 213800ZBKL9BHSL2K459
OSB GROUP PLC (the “Company”)
Transaction in Own Shares
The Company has made an important announcement regarding its share buyback strategy. On a recent trading day, OSB Group PLC purchased a total of 67,143 of its ordinary shares of £0.01 each on the London Stock Exchange and through other venues, managed by Citigroup Global Markets Limited. The repurchased shares are expected to be cancelled, bringing the total number of shares in circulation to 360,867,356.
Understanding the Buyback Program
This specific buyback initiative is part of a larger plan that began earlier in the year and aims to enhance shareholder value. The decision reflects the Company’s strong cash position and commitment to delivering value back to its investors.
Trade Breakdown
Here is a summary of the recent trades:
Trading Venue | Shares Purchased | Price Paid |
London Stock Exchange | 0 | - |
CBOE BXE | 37,143 | 548.00p |
CBOE CXE | 30,000 | 555.50p |
The highest price paid per share in these transactions was 555.50p, while the lowest was 542.00p, showcasing an active trading environment.
Current Share Structure Post-Transaction
Following the cancellation of the shares, the Company will have no shares held in treasury, meaning the total voting rights remain at 360,867,356. This indicates a transparent structure that aims to maintain clarity for shareholders.
Regulatory Compliance
All activities undertaken during the buyback program are in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014, ensuring that OSB Group is adhering to the relevant legal frameworks.
Conclusion
In summary, OSB Group PLC continues to reinforce its commitment to shareholder value through strategic buyback initiatives, enhancing the confidence of its investors in the company's financial stability and growth trajectory. The approach not only reflects an endorsement of the company’s prospects but also aims to optimize its capital structure.
Frequently Asked Questions
What is the purpose of the share buyback?
The share buyback program aims to enhance shareholder value by reducing the number of shares in circulation.
Who manages OSB Group's share buybacks?
Citigroup Global Markets Limited oversees the implementation of the share buyback strategy for OSB Group.
What are the recent trading prices of the shares?
The highest price per share in recent trades was 555.50p, while the lowest was 542.00p.
How many shares are currently outstanding post-buyback?
The total number of shares in circulation after the buyback is 360,867,356.
Is the buyback compliant with regulations?
Yes, all aspects of the buyback adhere to applicable regulations, ensuring legal compliance.
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