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Science Group Tightens Free Float With Targeted Share Buyback

Story Highlights
  • Science Group plc repurchased 17,500 shares at 535 pence, increasing treasury holdings.
  • Post-buyback, 42.68 million shares remain in issue, refining disclosure thresholds for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Science Group Tightens Free Float With Targeted Share Buyback

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Science ( (GB:SAG) ) has issued an announcement.

Science Group plc has repurchased 17,500 of its 1 pence ordinary shares at an average price of 535 pence, with all trades executed through Panmure Liberum Limited and the entire block representing about 0.04% of prior voting rights. The shares will be held in treasury, leaving 42,679,312 ordinary shares in issue excluding treasury stock, a new denominator for shareholders assessing disclosure thresholds under the FCA transparency rules.

Following this buyback, Science Group now holds 3,506,562 shares in treasury, signaling continued use of share repurchases as part of its capital allocation strategy. The transaction underscores the company’s active management of its equity base, with potential implications for earnings per share and ownership disclosures for investors monitoring their reportable stakes.

The most recent analyst rating on (GB:SAG) stock is a Buy with a £621.00 price target. To see the full list of analyst forecasts on Science stock, see the GB:SAG Stock Forecast page.

Spark’s Take on SAG Stock

According to Spark, TipRanks’ AI Analyst, SAG is a Outperform.

Science Group’s strong financial performance and strategic corporate actions, such as share buybacks, are the most significant factors contributing to its score. The stock’s undervaluation and solid dividend yield further enhance its attractiveness. However, technical indicators suggest caution in the short term.

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

More about Science

Science Group plc, listed on AIM under the ticker SAG, operates as a technology and science-based consultancy and services group. The company’s activities span advisory, R&D and related technical services for clients across industrial and commercial sectors, with its shares actively traded on the London market and a portion held in treasury for capital management purposes.

Average Trading Volume: 46,367

Technical Sentiment Signal: Buy

Current Market Cap: £228.4M

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

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