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Ricardo Investment and Share Buy-Back

19th Jun 2025 07:00

RNS Number : 4671N
Science Group PLC
19 June 2025
 

19 June 2025

 

 

Ricardo Investment and Share Buy-Back

 

 

Further to the announcement on 11 June 2025, Science Group confirms that it has now sold its entire holding in Ricardo plc and holds nil shares.

 

The aggregate cash received is £58.0 million (after brokerage fees), before related costs of around £2 million. The net return on the Ricardo investment is around £23.7 million. Tax will be payable on the chargeable gain at the UK Corporation Tax rate of 25% although the Group may be able to utilise some legacy tax losses.

 

In view of the realisation of the Ricardo investment, the Board has increased the limits on the delegated share buy-back authorisation, managed by Panmure Liberum Limited.

 

Science Group anticipates releasing Interim Results for the period to 30 June 2025, around the end of July.

 

 

 

 

- Ends -

 

 

For further information:

Science Group plc

Martyn Ratcliffe, Executive Chair

Tel: +44 (0) 1223 875 200

Jon Brett, Finance Director

www.sciencegroup.com  

Canaccord Genuity Limited (Nominated Adviser and Joint Broker)

Simon Bridges, Andrew Potts

Tel: +44 (0) 20 7523 8000

MHP

Reg Hoare

Tel: +44 (0) 7831 406117

 

[email protected]

 

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