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LONDON - Science Group plc has increased its ownership in Ricardo plc, now holding 8,824,994 shares, which equates to approximately 14.18% of the voting rights. The increase in shareholding signifies a strategic investment for Science Group, which may consider further increasing its stake in the future.
This transaction is considered substantial under the AIM Rules for Companies, particularly rule 12, and the necessary disclosure complies with Schedule Four of these rules. Ricardo, the company in which Science Group has upped its investment, reported a profit before tax of £4.3 million for the fiscal year ending on June 30, 2024, and had gross assets worth £457.7 million as of December 31, 2024.
The move by Science Group is part of its broader investment strategy, although the company has not disclosed specific future plans regarding its shareholding in Ricardo. The financial community may view this development as an indicator of Science Group’s confidence in Ricardo’s business and potential for growth.
Investors and market watchers will likely keep a close eye on any further changes in the shareholding structure of Ricardo, as well as any strategic moves that may arise from this increased investment by Science Group.
This report is based on a press release statement and does not include speculative content or assumptions about the broader industry impacts or trends. It is intended to provide a factual overview of the recent investment activity by Science Group plc in Ricardo plc.
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