OCI completed its 2025 £50.0 million buyback programme on 8 January 2026, having acquired and cancelled 9.7 million shares for an aggregate £50.0 million. In 2026, the programme was renewed with an authorised minimum amount of £20.0 million, reflecting the Board’s assessment of current liquidity and the improved outlook for realisation proceeds. Since the beginning of the year, the Company has acquired and cancelled 2.3 million shares for an aggregate consideration of £11.7 million as at 30 June 2026.
(a) Authorised and issued capital
The authorised share capital of the Company is 280 million ordinary shares at a par value of £0.01 each. Ordinary shares are listed and traded on the LSE Main Market for listed securities. Each share confers the right to one vote, and shareholders have the right to receive dividends.
As at 30 June 2026, the Company’s issued and fully paid share capital was 165 million ordinary shares (30 June 2025: 172 million).
As at 30 June 2026 ’000 | As at 31 December 2025 ’000 | As at 30 June 2025 ’000 | |||
|---|---|---|---|---|---|
Ordinary shares outstanding at the beginning of the period | 167,131 | 176,418 | 176,418 | ||
Ordinary shares repurchased and cancelled | (2,291) | (9,287) | (4,531) | ||
Ordinary shares outstanding at the end of the period | 164,840 | 167,131 | 171,887 |
(b) Share premium
Share premium represents the amount received in excess of the nominal value of ordinary shares.