Origin Enterprises Plc EUR20 Million Share Buyback Programme (8937T)
20 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMOGN
RNS Number : 8937T
Origin Enterprises Plc
20 November 2023
EUR20 Million Share Buyback Programme
20 November 2023: Origin Enterprises plc ("Origin" or the
"Company") announces the commencement of a share buyback programme
to repurchase up to EUR20 million of the Company's ordinary shares.
This follows the passing of the necessary resolution at the Annual
General Meeting on 16 November 2023.
The Company has entered into irrevocable, non-discretionary
arrangements with Goodbody Stockbrokers UC ("Goodbody") to
repurchase ordinary shares on the Company's behalf up to a maximum
consideration of EUR20 million (the "Share Buyback Programme").
The Share Buyback Programme will commence tomorrow, 21 November
2023 and may continue until 29 July 2024 subject to market
conditions, the ongoing capital requirements of the business and
termination provisions customary for arrangements of this
nature.
The purpose of the Share Buyback Programme is to reduce the
share capital of the Company. The repurchased ordinary shares will
be held in treasury pending their cancellation or re-issue in due
course. The maximum number of ordinary shares to be repurchased
under the Share Buyback Programme is 11,203,198. Any repurchases
will be carried out on Euronext Dublin.
Goodbody will make its trading decisions in relation to the
Company's shares independently of, and uninfluenced by, the Company
and in accordance with certain pre-set parameters. The Share
Buyback Programme will be conducted: (i) in accordance with the
Company's general authority to repurchase ordinary shares as
approved by the shareholders at the Company's AGM on 16 November
2023; and (ii) the parameters prescribed by the Market Abuse
Regulation 596/2014/EU, the Commission Delegated Regulation (EU)
2016/1052 and the applicable laws and regulations of Euronext
Dublin.
The Share Buyback Programme may be supplemented by the purchase
of ordinary shares by way of block trades effected by Goodbody as
agent of the Company in accordance with the Company's general
authority to repurchase shares. Any shares repurchased through
block trades will count towards the maximum consideration payable,
and the maximum number of shares that may be purchased, by the
Company under the Share Buyback Programme.
Details of any ordinary shares repurchased under the Share
Buyback Programme will be notified to a Regulatory Information
Service by the Company following repurchase. The Company confirms
that currently it has no unpublished inside information.
ENDS
Enquiries
Origin Enterprises plc
Barbara Keane
Company Secretary Tel: +353 1 563 4900
Brendan Corcoran
Head of Investor Relations Tel: +353 1 563 4900
About Origin Enterprises plc
Origin Enterprises plc is an international Agronomy-Services
group, providing specialist advice, inputs, services and digital
solutions to promote sustainable land use. The Group has leading
market positions in Ireland, the United Kingdom, Brazil, Poland and
Romania. Origin is listed on the Euronext Growth (Dublin) and AIM
markets of the Irish and London Stock Exchanges.
Euronext Growth (Dublin) ticker symbol: OIZ
AIM ticker symbol OGN
Website: www.originenterprises.com
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END
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