OSB buys back another 314,000 shares

(Sharecast News) - Financial services provider OSB Group announced the completion of the latest repurchase of its own shares on Tuesday. The FTSE 250 company said that on 3 July, it purchased a total of 313,850 of its shares through the London Stock Exchange, CBOE CXE, and CBOE BXE, via Citigroup Global Markets as its broker.

OSB said that on the London Stock Exchange it repurchased 178,574 shares, while on CBOE CXE it bought back 40,000 shares and on CBOE BXE the total was 95,276 shares.

The volume-weighted average price paid per share came to £4.8801 on the London Stock Exchange, £4.8787 on CBOE CXE, and £4.8797 on CBOE BXE.

OSB said the transaction aligned with its previously-announced share buyback programme, which it disclosed on 16 March.

"Following settlement of the above purchases and cancellation of the purchased ordinary shares, the company's total number of ordinary shares in issue shall be 420,744,365 ordinary shares," OSB's board said in its statement.

"No ordinary shares are held in treasury; therefore, the total number of voting rights in the company is 420,744,365."

At 0837 BST, shares in OSB Group were up 0.22% at 489.86p.

Reporting by Josh White for Sharecast.com.