28th Feb 2025 15:07
Science Group PLC - Cambridge, England-based science, engineering and technology business that provides services to the medical, defence, industrial, food & beverage and consumer sectors - Says it now holds a 8.46% stake in environmental and engineering consulting firm Ricardo PLC, owning around 5.3 million shares at the London market close on Thursday.
Science Group has invested a total of around GBP12.2 million, at an average cost of around 231 pence per share, and "may or may not increase its shareholding in Ricardo". Science Group says it "will engage with the Ricardo board and its major shareholders in relation to managing this strategic investment", noting that Ricardo's share price was at a fifteen-year low prior to Science Group's share purchase.
Current stock price: 434.00 pence, down 0.2% in London on Friday afternoon
12-month change: up 15%
By Emily Parsons, Alliance News reporter
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