Oxford Instruments extends buyback programme by GBP50 million

(Alliance News) - Oxford Instruments PLC on Monday announced it will expand its buyback programme announced in November by an additional GBP50 million worth of ordinary shares.

The Buckinghamshire, England-based high-technology instruments company is expecting to complete the programme within a year, and has appointed JP Morgan Securities as its broker.

The company is reducing its issued share capital with the buyback, and has seen its shares rise 28% since it announced the programme roughly four months ago.

Oxford Instrument shares were down 1.1% to 2,610.00 pence each on Monday afternoon in London.

By Martin Miraglia, Alliance News reporter

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