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Science Group PLC Strengthens Financial Position and Invests in Ricardo

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Science Group PLC Strengthens Financial Position and Invests in Ricardo

An announcement from Science ( (GB:SAG) ) is now available.

Science Group PLC has successfully refinanced its bank facilities, securing two new term loans totaling £12 million and a revolving credit facility of £30 million, enhancing its financial flexibility and supporting its strategic objectives. Additionally, the company has made a strategic investment in Ricardo plc, becoming its second largest shareholder, which aligns with its strategy to leverage capital resources for growth without affecting its share buy-back program.

More about Science

Science Group PLC operates in the science and technology sector, providing consultancy and engineering services. The company focuses on strategic investments and financial restructuring to support its growth and market positioning.

YTD Price Performance: -9.05%

Average Trading Volume: 22,068

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £184M

Find detailed analytics on SAG stock on TipRanks’ Stock Analysis page.

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