NCC Group Cancels Shares After Buyback, Updates Voting Rights

NCC Group plc ( (GB:NCC) ) has provided an announcement.

NCC Group plc has repurchased 249,956 of its 1p ordinary shares at a price of 118p per share via broker Peel Hunt, as part of its previously announced share buyback programme. The company intends to cancel these shares, reducing the number of ordinary shares in issue to 287,133,431 and slightly consolidating the equity base, which may enhance earnings per share and signal confidence in its financial position.

The group also confirmed, for takeover code disclosure purposes, that at the time of the announcement it had 288,663,485 voting shares in issue, none held in treasury, with each share carrying one voting right. These capital structure updates provide clarity for investors and potential corporate action stakeholders, reinforcing transparency around NCC Group’s share count and voting rights as the buyback progresses.

Spark’s Take on NCC Stock

According to Spark, TipRanks’ AI Analyst, NCC is a Neutral.

NCC Group plc’s overall stock score is primarily influenced by its financial performance, which shows strong cash flow management and a stable balance sheet despite revenue and profitability challenges. Technical analysis indicates neutral momentum, while valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not impact the score.

To see Spark’s full report on NCC stock, click here.

More about NCC Group plc

NCC Group plc is a UK-based cyber security and risk mitigation specialist, providing services such as cyber resilience, assurance, and software escrow to corporate and public-sector clients. The company focuses on helping organisations manage cyber threats and protect critical information assets in an increasingly regulated and digitised global market.

Average Trading Volume: 2,206,411

Technical Sentiment Signal: Sell

Current Market Cap: £324.7M

See more data about NCC stock on TipRanks’ Stock Analysis page.