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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Oxford Metrics Plc | LSE:OMG | London | Ordinary Share | GB0030312788 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 115.00 | 113.00 | 117.00 | 115.00 | 115.00 | 115.00 | 56,101 | 07:49:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computers & Software-whsl | 44.24M | 5.66M | 0.0430 | 26.74 | 151.14M |
From May 2019 to May 2024
By Rory Gallivan
LONDON--Shares in U.K. imaging technology group OMG PLC (OMG.LN) jumped Friday after it said it will sell its defense software business to a unit of aerospace and defense giant Boeing Co. (BA) for $25 million.
OMG will pay 5.1 million pounds ($7.6 million) to shareholders through a special dividend following the sale of the business, which it said generated unpredictable revenue and required continuous investment.
The sale leaves OMG with Vicon, a motion capture technology business that helped create the recent movie Paddington, infrastructure management software business Yotta and wearable camera technology arm OMG Life.
Chief Executive Nick Bolton told Dow Jones Newswires the company may also use some of the sale proceeds to invest in the business or make acquisitions if opportunities arise.
"The disposal improves the group profile for an excellent price," said analysts at N+1 Singer, OMG's research client.
At 1122 GMT, its shares were up over 13%, at 47 pence valuing the company at GBP52.7 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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