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EUR40 Million Share Buyback Programme

8 Mar 2022 07:15

RNS Number : 9400D
Origin Enterprises Plc
08 March 2022
 

Origin Enterprises plc

 

€40 Million Share Buyback Programme

 

8 March 2022:  Origin Enterprises plc ("Origin" or the "Company") announces, following the release of its 2022 Interim Results earlier today, the commencement of a share buyback programme to repurchase up to €40 million of its ordinary shares.

 

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 €40 million (the "Share Buyback Programme").

 

The Share Buyback Programme will commence tomorrow, 9 March 2022 and may continue until 15 November 2022 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 12,559,585. Any repurchase 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 25 November 2021; 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:

 

Barbara Keane +353 1 563 4900

Company Secretary

Origin Enterprises plc

 

 

About Origin Enterprises plc

 

Origin Enterprises plc is an international Agri-Services group, providing specialist agronomy advice, crop inputs and digital agricultural solutions to farmers, growers, landscapers and amenity professionals. The Group has leading market positions in Ireland, the United Kingdom, Brazil, Poland, Romania and Ukraine. 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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Date   Source Headline
25th Mar 20157:00 amRNSARYZTA announcement
12th Mar 20157:00 amRNSInterim Results Announcement
6th Feb 20154:15 pmRNSHolding(s) in Company
24th Nov 20144:30 pmRNSAGM Results Announcement
24th Nov 20147:00 amRNSTrading Update
15th Oct 20144:30 pmRNSDirector/PDMR Shareholding
29th Sep 20144:30 pmRNSAnnual Report and Accounts 2014
26th Sep 20144:30 pmRNSNotification of Directors' Dealings
24th Sep 20147:00 amRNSPreliminary Results Statement 2014
1st Aug 20148:00 amRNSDirectorate Change
29th May 20144:30 pmRNSDirector's Shareholding
28th May 20147:00 amRNSTrading Update
12th Mar 20144:30 pmRNSDirector's Shareholding
7th Mar 20144:36 pmRNSDirectors' Shareholding
6th Mar 20147:00 amRNSInterim Results Announcement
30th Jan 20147:00 amRNSCompletion of Acquisition
4th Dec 20137:00 amRNSOrganisational Announcement
22nd Nov 20137:01 amRNSDirectors' Shareholding
22nd Nov 20137:00 amRNSResult of Tender Offer
18th Nov 20134:30 pmRNSAnnual and Extraordinary General Meetings
18th Nov 20137:00 amRNSTrading Update
30th Oct 20137:00 amRNSAcquisition in Ukraine
17th Oct 20134:37 pmRNSLaunch of Euro 100 million tender offer
4th Oct 20134:15 pmRNSAnnual Report and Accounts 2013
25th Sep 20137:00 amRNSPreliminary Results Statement 2013
12th Aug 20133:30 pmRNSMarine Proteins and Oils JV interest
4th Jul 20137:00 amRNSDisposal of Marine Proteins and Oils JV interest
28th May 20137:00 amRNSTrading Update
11th Mar 20134:30 pmRNSDirectors' Dealing
6th Mar 20137:00 amRNSIssue of Ordinary Shares
6th Mar 20137:00 amRNSInterim Results Announcement
14th Dec 20125:30 pmRNSDirector's Dealings
26th Nov 20124:30 pmRNS2012 AGM Results
26th Nov 20127:00 amRNSTrading Update
11th Oct 20124:30 pmRNSAnnual Report and Accounts 2012
19th Sep 20127:00 amRNSPreliminary Results Statement
26th Jun 20124:30 pmRNSAnalyst and Investor Meeting
18th Jun 20124:30 pmRNSHolding(s) in Company
28th May 20127:00 amRNSTrading Update
18th May 20124:30 pmRNSNon-Executive Directorate Changes
18th Apr 20124:30 pmRNSNotification of change in Shareholding
18th Apr 20124:30 pmRNSNotification of change in Shareholding Interest
17th Apr 20124:30 pmRNSDirectors' Dealing
13th Apr 20124:30 pmRNSIssue of Ordinary Shares
8th Mar 20127:00 amRNS2012 Interim Results
16th Jan 20127:00 amRNSRebranding of UK agronomy services business
21st Nov 20114:30 pmRNSAGM Results
21st Nov 20117:00 amRNSTrading Update
24th Oct 20115:13 pmRNSNotice of AGM
24th Oct 20114:45 pmRNSAnnual Report Posting

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