Extension
of Share Buyback Programme
15 July
2024
Origin Enterprises plc ("Origin" or
the "Company") announces its decision
to extend its existing share buyback programme of
up to €20m (the "Share Buyback Programme"), originally due to
expire on 29 July 2024, for a further two months to 30 September
2024 in order to allow the Share Buyback Programme to be completed.
Save as set out herein, the Share Buyback Programme will otherwise
operate under the same terms as previously announced on 20 November
2023.
The Share Buyback Programme may
continue until 30 September 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 continue to 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 continue to 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The Company confirms that currently it has no unpublished inside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
Emer
Moran
Tel: +353 (0)1 563 4900
Company Secretary
Brendan Corcoran
Head of Investors Relations and
Group
Planning
Tel: +353 (0)1 563 4900
About Origin Enterprises plc
Origin Enterprises plc is an
international Agronomy-Services group, providing specialist
advice, inputs and digital solutions to promote sustainable land
use. The Group has leading market positions in Ireland,
the United Kingdom, Brazil, Poland and Romania.
Origin's ordinary shares are listed on the Euronext Growth (Dublin)
market of Euronext Dublin and the AIM market of the London Stock
Exchange.
