OSB Group launches £100m share buyback program starting Friday
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran conflict latest: Hegseth says Iran conflict has "only just begun" Gold hands back gains as US dollar rebounds; Middle East war continues Morgan Stanley explains why gold is falling despite Iran escalation Nasdaq ends more than 1% higher as solid economic data lifts spirits (South Africa Philippines Nigeria) OSB Group launches £100m share buyback program starting Friday By Company News Published 03/05/2026, 03:13 AM OSB Group launches £100m share buyback program starting Friday 0 OSBO -0.18% LONDON - OSB Group PLC (LSE:OSB) announced Thursday it will begin a share repurchase program on Friday to return up to £100 million to shareholders, according to a press release statement. The company said the buyback aligns with its commitment to return excess capital to shareholders. OSB Group disclosed the program alongside its full year results for the year ended December 31, 2025. The company has entered into an agreement with Jefferies International Limited to execute the buyback through market purchases of ordinary shares on the London Stock Exchange or other recognized investment exchanges. Jefferies will operate as riskless principal and make trading decisions independently of the company, subject to certain agreed parameters. The maximum number of ordinary shares to be acquired under the program is 37,035,134, representing the number of shares the company is authorized to repurchase under authority granted by shareholders at the Annual General Meeting on May 8, 2025. The company stated it intends to cancel the repurchased shares, reducing its share capital. The share repurchase program is expected to complete no later than March 6, 2027. Jefferies will continue operating the program during any closed periods. The buyback will be executed in accordance with the company’s 2025 shareholder authority, the Market Abuse Regulation 596/2014, Commission Delegated Regulation 2016/1052, and Chapter 9 of the Financial ...
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