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LONDON - Science Group plc has disclosed an increase in its shareholding in engineering and environmental consultancy firm Ricardo plc, now owning approximately 7.26 million shares. This represents 11.67% of Ricardo’s voting rights, as announced on Monday. The move follows a previous announcement made on the preceding Thursday.
This strategic investment constitutes a substantial transaction under the AIM Rules for Companies, a set of regulations that govern companies listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LON:LSEG). In line with these rules and the accompanying disclosure requirements, it is noted that Ricardo reported a profit before tax of £4.3 million for the fiscal year ending June 30, 2024, and had gross assets totaling £428.8 million.
Science Group has indicated that it may further increase its shareholding in Ricardo, although there is no certainty regarding future changes to its investment position.
The transaction underlines Science Group’s role as a significant investor in Ricardo, yet the company has not disclosed any specific intentions behind the increased shareholding or how it may influence Ricardo’s strategic direction.
The information shared is based on a press release statement from Science Group plc and is intended to inform stakeholders and the public about the latest developments in the company’s investment activities.
Science Group is an international consulting services group that supports the entire product innovation lifecycle, offering services from regulatory and compliance consulting to technology advisory and advanced product development. Ricardo, on the other hand, specializes in engineering, strategic consulting, and environmental expertise, providing services to sectors including automotive, rail, aerospace, and energy.
The financial community will be monitoring the implications of Science Group’s increased investment in Ricardo, looking for potential impacts on the market and the strategic outcomes for both companies involved.
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