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LONDON - Science Group plc has increased its shareholding in Ricardo plc, a noted British engineering and environmental consultancy, to 10,778,684 shares. This acquisition, confirmed on Monday, brings Science Group’s ownership to approximately 17.32% of Ricardo’s voting rights, establishing it as the second-largest shareholder in the company. The accumulated shares were purchased at an average cost of 233 pence per share, inclusive of fees.
The strategic move by Science Group, which itself is a major player in the science and technology sector, has been part of a series of announcements regarding its position in Ricardo. Previous updates were issued on March 17 and March 31, 2025, outlining the Group’s stance and intentions.
While the current increase in shareholding is significant, Science Group has not disclosed definitive plans for future movements, indicating that it may or may not continue to increase its stake in Ricardo.
Ricardo, with a heritage spanning over a century, is recognized for its contributions to the science and technology fields. The company’s expertise and global presence have made it a key player in its industry.
This news comes amid a time of considerable interest in the business strategies of prominent science and technology firms. Investors and market watchers often closely monitor such changes in shareholding patterns, as they can influence company dynamics and market positioning.
The announcement is based on a press release statement and does not include any additional information or speculation about the potential implications of Science Group’s increased shareholding in Ricardo.
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