NCC Group
NCC · Main Market · Technology · mcap £225m · 151.6p
NCC Group sells cyber security services such as testing, consulting and managed services to businesses and governments. Until May 2026 it also ran Escode, a software escrow business that holds code in trust for customers.
Positive 9 Sep 2026
Aberforth stake rose from 5.2% to 13.1%, with other funds building stakesInstitutional holders increased positions through 2026, including Odyssean at 9.55% and Artemis at 6.5%. 9 Sep 2026
Positive 2 Sep 2026
£185m return of capital after Escode sale, with £170m tender offer completedLarge return relative to market cap shrank the share count to 167.5m; Board has no current M&A plans. 2 Sep 2026 7 Jul 2026 11 Jun 2026
Mixed 11 Jun 2026
Strategic review concluded; no sale of the company, no approachesTakeover possibility is removed for now; company remains listed as pure-play Cyber. 11 Jun 2026
Positive 11 Jun 2026
Cyber growth and margins improving, with FY26 EBITDA expected to grow faster than revenueCyber gross margin reached a record 38.4% and Cyber EBITDA rose 130.6%. 11 Jun 2026
Positive 28 Jan 2026
Directors and NEDs bought shares in January 2026 after the Escode sale announcementSeveral directors and persons connected bought shares at about 137-140p. 28 Jan 2026 26 Jan 2026
- 2026-09-07 buyback programme · £15m – New £15m buyback programme, up to 16.7m shares, expiring 23 October 2027 7 Sep 2026
- 2026-09-02 tender offer · £170m – Tender offer at 145p completed; 117.2m shares repurchased and cancelled 7 Jul 2026
- 2026-05-29 disposal · £275.0m – Completed sale of Escode to TDR Capital at £275m enterprise value 29 May 2026
- 2026-01-21 buyback programme · £70m – Share buyback programme launched, maximum £70m, expiring 31 January 2027; about £40m executed 21 Jan 2026
- 2025-04-28 debt refinancing · £120m – New four-year RCF replacing £162.5m facility, with £50m uncommitted accordion 28 Apr 2025
- 2025-03-28 disposal · €78.5m – Completed sale of Fox Crypto B.V. to CR Group Nordic AB; proceeds repay RCF 28 Mar 2025
From the company's own announcements · not investment advice
Company filings. Not investment advice.