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.
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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
sciencegroup@mhpgroup.com
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