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Science Group PLC confirmed on 19 June 2025 the sale of its entire holding in Ricardo plc, now holding nil shares. The company received aggregate cash of £58.0 million (after brokerage fees) before related costs of around £2 million, and reported a net return on the investment of approximately £23.7 million. The Board of Science Group subsequently increased the limits on its delegated share buy-back authorisation, which is managed by Panmure Liberum Limited.
| Date | 19 Jun 2025 |
| Time | 07:00:04 |
| Category | Corporate updates |
| ID | 4671N |
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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