Oakley Capital Investments Completes 35,000 Share Repurchase at 512 Pence Each

OCI's Closed-Ended Fund Structure and Investment Approach

Oakley Capital Investments Limited operates as a closed-ended investment fund with Official List status on the Financial Conduct Authority's register. Its objective is to deliver consistent long-term capital growth exceeding the FTSE All-Share Index by providing liquid access to private equity returns. Unlike open-ended funds, OCI's closed-ended structure maintains a fixed number of shares and capital base, unaffected by investor subscriptions or redemptions, enabling stable long-term investment deployment.

OCI offers shareholders exposure to the Oakley Funds, a collection of unlisted private equity and venture capital vehicles. The lower-mid to mid-market private equity funds—Oakley Capital Private Equity II, III, IV, V, VI, Origin, and Origin II—focus on buy-out opportunities in sectors with growth, consolidation, and performance improvement potential. Additionally, venture capital exposure is provided through Oakley PROfounders Fund III and Oakley Touring Venture Fund, which invest in entrepreneur-led, technology-driven disruptive companies. This diversified fund structure allows OCI shareholders to access various asset classes and investment stages within private markets.

Share Buyback Details and Capital Allocation Policy

OCI confirmed executing a share buyback consistent with its capital allocation policy. On 23 July 2026, the company repurchased 35,000 ordinary shares of .01 par value each at 512 pence per share. These shares were cancelled rather than held in treasury, permanently reducing issued share capital. This reflects management's view on share valuation and commitment to enhancing shareholder value at the time of the transaction.

The buyback price of 512 pence per share was determined by OCI’s board as an appropriate mechanism to return capital to shareholders. Cancelling shares increases ownership percentage and earnings per share for continuing shareholders, assuming stable profitability. Such buybacks are commonly employed by listed investment trusts and closed-ended funds when shares are deemed fairly valued or attractively priced relative to net asset value.

Post-Buyback Share Capital and Voting Rights

After completing the repurchase and cancellation of 35,000 shares, OCI has 164,655,215 ordinary shares admitted to trading on the London Stock Exchange’s main market. No shares are held in treasury, so all issued shares carry voting rights. The total voting rights stand at 164,655,215, which shareholders should use for disclosure calculations under the FCA’s Disclosure and Transparency Rules (DTRs).

Providing the precise share count and voting rights is a regulatory requirement. Shareholders crossing notification thresholds (3%, 4%, 5%, and every 1% thereafter) must use this figure as the denominator when determining their disclosure obligations. The absence of treasury shares simplifies this calculation, as issued shares and voting rights are identical.

Oakley Capital Limited’s Investment Expertise and Deal Sourcing

OCI’s performance heavily relies on its investment adviser, Oakley Capital Limited, founded in 2002. The firm has demonstrated consistent ability to source attractive growth assets at favorable prices. This success is based on sector and regional expertise, capability to manage transaction complexity, and access to an entrepreneur network that generates deal flow.

With over two decades of operational history, Oakley Capital has managed multiple fund vintages, spanning seven private equity vehicles and two venture capital funds. The firm’s focus on sector knowledge, regional insight, and transaction complexity differentiates its approach in the lower-mid to mid-market segment. Entrepreneur network access is particularly valuable in venture capital, enabling early investments in founder-led companies.

Regulatory Status and Compliance with Listing Rules

OCI holds Official List status with the Financial Conduct Authority, subjecting it to specific regulatory obligations. This includes compliance with FCA Listing Rules on related party transactions, financial reporting, shareholder circulars, and ongoing disclosure requirements. These rules ensure investor protection through transparency and governance but also impose operational constraints.

The share buyback adheres to these regulations, requiring shareholder authority and compliance with FCA price and timing restrictions. Disclosure of transaction details—number of shares repurchased, price, execution date, and post-transaction share count—is a continuing obligation under Listing Rules, reflecting OCI’s transparent capital management approach. OCI’s listed status demands ongoing compliance and material event disclosures.

Diversified Private Equity Fund Vintages and Portfolio Composition

OCI’s portfolio includes seven private equity funds from Oakley Capital Private Equity II through VI, plus Oakley Capital Origin and Origin II. This vintage diversification exposes shareholders to companies acquired across different market cycles, valuations, and economic conditions. Older vintages like Private Equity II and III may be in later realisation stages generating liquidity, while newer vintages focus on deployment and value creation, smoothing cash flows and mitigating concentration risk.

The private equity funds target lower-mid to mid-market buyouts in sectors with growth, consolidation, and operational improvement potential, historically delivering attractive risk-adjusted returns versus larger buyouts. Venture capital funds—Oakley PROfounders Fund III and Oakley Touring Venture Fund—focus on disruptive, technology-led founder-led companies, aligning with long-term digital transformation trends. This structure offers OCI shareholders diversified exposure across multiple value creation strategies and timelines.

Shareholder Communication and Disclosure Practices

This announcement serves as the official regulatory notification of the share buyback, published via the Regulatory News Service (RNS), the FCA’s official disclosure channel for listed companies. Immediate publication ensures all shareholders and market participants receive consistent, simultaneous information about the capital structure change. Detailed disclosure of shares repurchased, price, date, and resulting share count enhances transparency and allows investors to update records and recalculate holdings.

OCI has appointed Deutsche Numis as financial adviser and broker, with Nathan Brown and Matt Goss as primary contacts, alongside Greenbrook representatives and Oakley Capital Limited’s investor relations team. These advisers support regulatory compliance and investor communication. Multiple contact points facilitate shareholder engagement and demonstrate management’s commitment to transparency. Investors seeking further details on OCI, its fund investments, or capital allocation strategy can use these contacts.

Forward-Looking Statements and Risk Considerations

The announcement includes a forward-looking statements disclaimer, noting that statements about OCI’s objectives, intentions, beliefs, and expectations—especially regarding financial position, strategy, operations, liquidity, prospects, and growth—are subject to significant risks and uncertainties. Actual future results may differ materially from those implied. This reflects inherent uncertainties in private equity investing, including fund performance, realisation timing, market conditions, and company-specific factors beyond management’s control.

OCI disclaims any obligation to update forward-looking statements except as required by law or regulation. This standard disclaimer limits liability for changes in circumstances or expectations after the announcement. Investors should recognize the unique risks of closed-ended private equity funds, including realisation risks, J-curve effects, sensitivity to interest rates and inflation, and potential extended holding periods. Independent financial due diligence is strongly recommended before investing.

Investor Guidance and Monitoring Recommendations

While routine, the buyback announcement signals OCI management’s confidence in the company’s valuation and commitment to capital efficiency. The 512 pence per share buyback price serves as a benchmark for investors assessing share price relative to board valuation at execution. Comparing buyback prices with future share prices and net asset value updates may offer insights into management’s market timing and capital allocation discipline.

Investors should note the updated share count of 164,655,215 for calculating ownership percentages and disclosure obligations. Those tracking earnings per share or dividends should adjust calculations to reflect the reduced share base, as the buyback modestly enhances per-share metrics. Investors are advised to monitor future announcements on additional buybacks, shareholder distributions, or changes to OCI’s capital allocation policy, which will indicate management’s ongoing value creation and capital deployment priorities. Additional information is available at oakleycapitalinvestments.com.