REG - Science Group PLC - Ricardo Investment and Share Buy-Back

ScienceAnnouncement

19/06/2025 07:00

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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
                                         (https://protect.checkpoint.com/v2/r06/___http:/www.sciencegroup.com___.ZXV3MjpuZXh0MTU6YzpvOjU0ZGI5YzMxZTIyYWRjYjNiNDllZDg0YzAwYjdlYTg0Ojc6ODkyNTpiMmM0ZGYxMGZmNjg5OGUzNTZjZDliYzcxZTZjOWMxY2YxNDJiNjliNzg1Y2E2ZjdiNWUyNWIxMTE3NTdkMjgzOnA6VDpU)

 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

                                                                                 sciencegroup@mhpgroup.com (mailto:sciencegroup@mhpgroup.com)

 

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