3rd Mar 2025 11:47
Science Group PLC - Cambridge, England-based science, engineering and technology business that provides services to the medical, defence, industrial, food & beverage and consumer sectors - Increases stake in environmental and engineering consultancy Ricardo PLC to 11.7% - 7.3 million shares - from 8.5%. Science Group bought its initial stake late last week at 231 pence per share. It didn't say on Monday at what price the additional shares were purchased, but at the current market price, the entire 11.7% stake is worth GBP16.0 million. It repeated that it "may or may not increase its shareholding in Ricardo". Science Group last week had said 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.
Science Group current stock price: 434.00 pence, up 0.2% in London on Monday
12-month change: up 14%
Ricardo current stock price: 221.00 pence, down 2.2%
12-month change: down 48%
By Emily Parsons, Alliance News reporter; updated by Tom Waite, editor
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