Ricardo Investment and Share Buy-Back
Science Group completed sale of entire Ricardo holding for £58.0 million, with net gain of £23.7 million.
- Aggregate cash received from Ricardo sale £58.0m
- Related costs around £2m
- Net return on Ricardo investment around £23.7m
Select text to share a quote on X · sign in to keep highlights & notes in your SAG notes
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.