Oakley Capital Investments Ltd Executes Share Buyback of 100,000 Shares at 508p Each for Cancellation

Oakley Capital Investments’ Market Position and Investment Approach

Oakley Capital Investments Limited operates as a closed-ended investment fund providing shareholders with liquid access to private equity returns via exposure to the Oakley Funds portfolio. Listed on the Official List of the Financial Conduct Authority, OCI trades on the London Stock Exchange’s main market and complies with rigorous listing and disclosure standards. The fund’s investment objective focuses on delivering consistent long-term capital growth that outperforms the FTSE All-Share Index by investing in carefully selected lower-mid to mid-market private equity opportunities.

OCI’s underlying Oakley Funds pursue buy-out investments across sectors with growth, consolidation, and operational improvement potential. The fund family includes Oakley Capital Private Equity II through VI targeting traditional buy-outs; Oakley Capital Origin and Origin II focusing on similar strategies; and venture capital funds such as Oakley PROfounders Fund III and Oakley Touring Venture Fund, which invest in entrepreneur-led technology companies. This diversified strategy balances risk across stages and sectors while targeting growth assets.

Details of Share Buyback and Capital Allocation Strategy

On 24 July 2026, OCI repurchased 100,000 ordinary shares of .01 par value at 508 pence each, amounting to 508,000 before costs. The shares were purchased for cancellation, permanently reducing the issued share capital rather than being held as treasury shares. This reduces the equity base and increases the ownership proportion of remaining shareholders.

This repurchase aligns with OCI’s capital allocation policy, reflecting management’s commitment to disciplined shareholder returns when shares trade at prices management views as fair relative to the fund’s net asset value. The immediate cancellation of repurchased shares ensures a permanent decrease in share count and voting rights, benefiting existing shareholders through increased proportional participation in future fund performance.

Updated Share Capital and Voting Rights Impact

The buyback lowered OCI’s issued ordinary shares from 164,655,215 to 164,555,215. No shares are held in treasury, meaning all issued shares have full voting and dividend rights. This simplified capital structure provides clarity on the company’s equity base. The total voting rights figure of 164,555,215 is critical for calculating disclosure thresholds under FCA’s Disclosure and Transparency Rules.

This voting rights number is essential for shareholders and investors to determine when substantial shareholding notifications are required. FCA Transparency Rules mandate notification when ownership crosses set percentage thresholds of total voting rights. With no treasury shares outstanding, the voting rights denominator is straightforward, enhancing regulatory clarity.

Oakley Capital Limited’s Expertise and Adviser Role

Since OCI’s inception, Oakley Capital Limited has served as its Investment Adviser. Founded in 2002, Oakley Capital has a proven track record in sourcing and managing growth assets in the lower-mid and mid-market segments. The adviser leverages deep sector knowledge, regional expertise, and a strong entrepreneur network to identify investment opportunities ahead of broader market processes. This capability has enabled deployment of significant capital across multiple vintages and geographies over two decades.

Oakley Capital’s role extends beyond deal sourcing to portfolio management, performance monitoring, and value creation. The successive launch and growth of Oakley funds—from Private Equity II through VI and various thematic vehicles—demonstrate investor confidence in the adviser’s execution and returns. Their ability to navigate market cycles and implement operational improvements has established Oakley Funds as a key player in European lower-mid market private equity.

Regulatory Compliance and Listing Status

OCI is admitted to the FCA’s Official List and complies with Listing Rules, which impose requirements on related party transactions, financial reporting, shareholder communications, and ongoing disclosure. This regulatory framework ensures timely and transparent disclosure of significant corporate actions, including share repurchases, via the Regulatory News Service and FCA.

Trading on the London Stock Exchange main market provides investors with a regulated, transparent environment featuring robust oversight and investor protections. Official List status mandates high standards for financial reporting, governance, and disclosure, including mandatory interim and annual reports and audit requirements. OCI’s adherence to these standards supports the reliability of information available to shareholders and potential investors evaluating fund performance and capital allocation.

Forward-Looking Statements and Investment Risks

The announcement includes standard disclaimers noting that OCI’s future financial results and capital growth are not guaranteed and may materially differ from expectations. Forward-looking statements regarding investment objectives, capital appreciation targets, and performance relative to indices like the FTSE All-Share are subject to risks including macroeconomic conditions, private equity market dynamics, portfolio company performance, valuation changes, and the adviser’s asset management effectiveness.

OCI disclaims any obligation to update forward-looking statements except as required by law or regulation. Investors should understand that the stated goal of consistent long-term capital growth exceeding the FTSE All-Share Index is aspirational and actual returns depend on complex factors beyond the company’s control.

Capital Allocation Policy and Shareholder Value Implications

The share repurchase reflects OCI’s broader capital allocation framework, which aims to return value to shareholders through mechanisms including cancelling shares when valuations are attractive. The 508 pence per share buyback price indicates management’s view of fair or compelling value relative to net asset value. Repurchasing shares below net asset value benefits remaining shareholders by reducing share count against a fixed asset base. Conversely, repurchases above net asset value could dilute interests unless justified strategically.

OCI’s approach to cancelling repurchased shares rather than holding them in treasury permanently reduces equity. This contrasts with treasury share policies that retain flexibility for future capital raising without shareholder approval. OCI’s cancellation method ensures immediate and permanent share count reduction, signaling management confidence in portfolio valuation and that current equity prices may undervalue private equity assets.

Diversified Exposure Across Oakley Fund Vehicles and Asset Classes

OCI offers shareholders consolidated exposure to a diversified portfolio of private equity and venture capital funds spanning multiple vintages, geographies, and investment themes. The fund family comprises six numbered private equity funds (Private Equity II through VI), Oakley Capital Origin and Origin II targeting specific segments, and venture capital funds like PROfounders and Touring focused on technology-driven entrepreneurs. This multi-fund structure enables disciplined capital deployment across market cycles and reduces concentration risk.

The private equity funds focus on lower-mid to mid-market buyouts, a segment known for resilience and attractive returns relative to larger buyouts and early-stage venture capital. This positioning allows the adviser to leverage operational expertise in complex situations while avoiding highly competitive mega-cap buyouts. The venture capital funds add exposure to earlier-stage technology growth opportunities, complementing traditional private equity holdings and broadening return drivers within a single listed vehicle.

Market Transparency and Disclosure Obligations for OCI

As an Official List entity, OCI adheres to FCA Listing Rules and Disclosure and Transparency Rules requiring prompt disclosure of material information to ensure all investors have equal access. The share repurchase announcement via the Regulatory News Service exemplifies this commitment to transparency, detailing the transaction’s impact on share capital and voting rights. The voting rights declaration supports regulatory compliance by enabling shareholders to calculate ownership percentages for notification purposes.

OCI’s regulatory framework includes audited interim and annual financial reporting, related party transaction disclosures, shareholder circular content for material corporate actions, and ongoing obligations to disclose information material to investment decisions. This comprehensive regime ensures the board and advisers meet legal responsibilities and maintain high governance and transparency standards, distinguishing OCI from less-regulated market segments.

Contact Details and Adviser Information

Deutsche Numis serves as Financial Adviser and Broker to OCI, providing capital markets advisory and ongoing broker support. Deutsche Numis is a leading UK independent adviser with expertise in investment companies, capital allocation, and corporate actions. For inquiries about OCI or the share repurchase, contact Oakley Capital Limited at +44 20 7766 6900 or Deutsche Numis at +44 20 7260 1000. Greenbrook acts as OCI’s Nominated Adviser, ensuring FCA regulatory compliance.

OCI’s Legal Entity Identifier (LEI) is 213800KW6MZUK12CQ815, facilitating standardized regulatory tracking and reporting across jurisdictions. The engagement of reputable advisers and maintenance of regulatory identifiers reflect OCI’s commitment to high corporate governance and market transparency standards, providing stakeholders with reliable information on the fund’s management and capital allocation.