Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
110.67M | 113.34M | 86.30M | 81.22M | 73.66M | Gross Profit |
45.18M | 46.25M | 38.35M | 35.36M | 29.80M | EBIT |
14.88M | 8.14M | 11.70M | 11.58M | 7.13M | EBITDA |
21.13M | 15.15M | 16.64M | 16.00M | 11.62M | Net Income Common Stockholders |
12.02M | 5.52M | 10.55M | 9.56M | 7.04M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
41.45M | 32.83M | 46.51M | 37.19M | 29.07M | Total Assets |
141.09M | 132.45M | 127.28M | 115.94M | 92.05M | Total Debt |
15.49M | 16.90M | 16.02M | 16.88M | 18.79M | Net Debt |
-25.96M | -15.93M | -30.49M | -20.31M | -10.28M | Total Liabilities |
57.09M | 54.46M | 49.08M | 49.64M | 50.66M | Stockholders Equity |
84.00M | 77.99M | 78.20M | 66.29M | 41.39M |
Cash Flow | Free Cash Flow | |||
18.48M | 7.83M | 15.18M | 9.15M | 17.54M | Operating Cash Flow |
18.48M | 7.91M | 15.27M | 14.01M | 17.69M | Investing Cash Flow |
723.00K | -12.78M | -34.00K | -19.08M | -134.00K | Financing Cash Flow |
-10.72M | -8.49M | -6.46M | 13.08M | -3.53M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
73 Outperform | £196.08M | 16.61 | 14.84% | 1.82% | -2.36% | 118.64% | |
63 Neutral | $4.21B | 11.55 | 5.28% | 250.72% | 4.13% | -9.42% | |
63 Neutral | £129.09M | 248.54 | 0.76% | 0.61% | 1.71% | -89.07% | |
56 Neutral | £419.12M | ― | -11.89% | ― | -22.83% | -350.82% | |
47 Neutral | £146.24M | ― | ― | ― | ― |
Science Group PLC, a major shareholder in Ricardo plc, has raised concerns about Ricardo’s strategic direction and financial performance. Despite being the second-largest shareholder with a 20.08% stake, Science Group criticizes Ricardo’s recent Business & Strategy Update for failing to address key financial challenges and for not providing a clear path to recovery. The update highlighted a significant downgrade in financial forecasts, including a projected loss in operating profit and reduced cash flow, which has led to a call for leadership changes at Ricardo. Science Group is advocating for a strategic review and possible restructuring of Ricardo to restore shareholder value, while also considering potential sale options due to the company’s deteriorating financial position.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group has a strong financial foundation with solid income and balance sheet metrics, supporting its stock’s moderate attractiveness. While valuation is fair, technical indicators suggest caution due to bearish trends. Corporate events highlight both opportunities and risks, particularly concerning investments in Ricardo. Overall, the stock shows potential but requires careful monitoring of external factors and technical signals.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC has announced its total issued share capital, excluding treasury shares, which consists of 44,562,805 shares of 1 penny each. The company holds 1,623,069 shares in treasury. This information is crucial for shareholders as it helps them determine their notification requirements under the FCA’s Disclosure and Transparency Rules, impacting their interest calculations in the company.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group has a strong financial foundation with solid income and balance sheet metrics, supporting its stock’s moderate attractiveness. While valuation is fair, technical indicators suggest caution due to bearish trends. Corporate events highlight both opportunities and risks, particularly concerning investments in Ricardo. Overall, the stock shows potential but requires careful monitoring of external factors and technical signals.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC has executed a share buyback, purchasing 2,893 of its ordinary shares at an average price of 438.5 pence per share. This transaction represents a minor portion of the company’s total voting rights and is part of a strategic move to manage its share capital. The shares will be held in treasury, adjusting the total number of shares available for shareholder calculations under regulatory guidelines.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group has a strong financial foundation with solid income and balance sheet metrics, supporting its stock’s moderate attractiveness. While valuation is fair, technical indicators suggest caution due to bearish trends. Corporate events highlight both opportunities and risks, particularly concerning investments in Ricardo. Overall, the stock shows potential but requires careful monitoring of external factors and technical signals.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC announced the repurchase of 5,000 ordinary shares at a price of 445.0 pence per share, representing 0.01% of the voting rights. The shares will be held in treasury, and the total number of ordinary shares in issue, excluding treasury shares, is now 44,565,698. This buyback may influence shareholder calculations regarding their interest in the company, as per FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group has a strong financial foundation with solid income and balance sheet metrics, supporting its stock’s moderate attractiveness. While valuation is fair, technical indicators suggest caution due to bearish trends. Corporate events highlight both opportunities and risks, particularly concerning investments in Ricardo. Overall, the stock shows potential but requires careful monitoring of external factors and technical signals.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC reported a strong start to 2025 with revenue and profitability slightly exceeding expectations, despite volatile market conditions. The company highlighted its robust balance sheet and strong operating cash flow. In contrast, Science Group criticized Ricardo PLC, where it holds a significant share, for poor financial management and lack of strategic clarity, which has led to a significant decline in shareholder value. Science Group’s engagement has prompted some acknowledgment of issues by Ricardo’s board, but the latter’s performance remains underwhelming compared to its peers.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group’s solid financial performance and fair valuation are significant strengths, supporting a moderately positive stock outlook. However, technical analysis indicates bearish momentum, and strategic investments pose potential risks, particularly related to governance issues at Ricardo.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC has repurchased 7,500 of its ordinary shares at a consistent price of 413.0 pence per share, representing 0.02% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s ongoing share buyback program, potentially impacting shareholder calculations under the FCA’s rules.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group’s solid financial performance and fair valuation are significant strengths, supporting a moderately positive stock outlook. However, technical analysis indicates bearish momentum, and strategic investments pose potential risks, particularly related to governance issues at Ricardo.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC announced the repurchase of 9,500 of its ordinary shares at an average price of 415.79 pence per share, as part of its ongoing share buyback program. This transaction represents 0.02% of the voting rights and will see the shares held in treasury, adjusting the total number of shares in issue to 44,578,198. This move may influence shareholder calculations regarding their interests in the company under regulatory guidelines.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group’s solid financial performance and fair valuation are significant strengths, supporting a moderately positive stock outlook. However, technical analysis indicates bearish momentum, and strategic investments pose potential risks, particularly related to governance issues at Ricardo.
To see Spark’s full report on GB:SAG stock, click here.
Science Group plc, a company listed on the AIM market, announced the repurchase of 5,000 of its ordinary shares at a price of 418.0 pence each. This transaction represents a small fraction of the company’s total voting rights and is part of a buyback program executed through Panmure Liberum Limited. The repurchased shares will be held in treasury, affecting the total number of shares available for shareholder calculations under regulatory guidelines.
Spark’s Take on GB:SAG Stock
According to Spark, TipRanks’ AI Analyst, GB:SAG is a Outperform.
Science Group PLC exhibits a strong financial profile with solid profitability and financial stability. Technical analysis indicates a bearish trend, which could be a short-term challenge. Valuation metrics show the stock is reasonably priced with a decent dividend yield. Corporate events, such as executive share purchases and a buyback program, signal confidence but are offset by governance concerns in strategic investments. Overall, the company is well-positioned in its industry, but near-term technical and strategic challenges slightly weigh on the score.
To see Spark’s full report on GB:SAG stock, click here.
Science Group PLC announced the repurchase of 5,000 of its ordinary shares at an average price of 414.5 pence per share, representing 0.01% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s share buyback program, with the purchased shares held in treasury. The total number of ordinary shares in issue, excluding treasury shares, is now 44,592,698. This move may impact shareholder calculations regarding their interests in the company under FCA rules.
Science Group PLC announced the repurchase of 5,000 of its ordinary shares at a price of 415.0 pence per share, which will be held in treasury. This transaction represents 0.01% of the voting rights of the total ordinary shares, and the updated number of shares in issue is 44,597,698. This move is part of the company’s buyback program and may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC has announced that its Annual General Meeting (AGM) will take place on May 21, 2025, at its London office. The company has made its Annual Report and Financial Statements for the year ending December 31, 2024, available on its website, with hard copies sent to shareholders who prefer paper communications. The AGM will feature voting conducted via a poll, and the board encourages shareholders to appoint the Chair as their proxy to ensure their votes are counted.
Science Group PLC announced the repurchase of 10,000 of its ordinary shares at a price of 419.0 pence per share, representing 0.02% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s ongoing buyback program and affects the total number of shares available for shareholder calculations under regulatory guidelines.
Science Group PLC has announced a share buyback, purchasing 4,761 of its ordinary shares at an average price of 419.0 pence per share. This transaction represents a minor 0.01% of the voting rights of the total ordinary shares in issue. The shares will be held in treasury, and the total number of ordinary shares in issue, excluding treasury shares, now stands at 44,612,698. This move allows shareholders to use this figure for regulatory calculations under the FCA’s Disclosure Guidance and Transparency Rules, potentially impacting shareholder notifications and interests.
Science Group PLC has announced the repurchase of 10,000 of its ordinary shares at a price of 413.0 pence per share, representing 0.02% of the voting rights. These shares will be held in treasury, adjusting the total number of ordinary shares in issue to 44,617,459. This transaction is part of the company’s ongoing share buyback program, which could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC announced the repurchase of 2,500 of its ordinary shares at a price of 418.0 pence per share, representing a minor fraction of its total voting rights. This transaction is part of the company’s buyback program, and the repurchased shares will be held in treasury, potentially impacting shareholder calculations under FCA rules.
Science Group PLC has increased its stake in Ricardo plc to over 20%, marking a strategic milestone achieved in a short period. This investment comes amid concerns about Ricardo’s poor operating performance and governance issues, with Science Group advocating for a realignment of Ricardo’s board to better address current market challenges and prioritize shareholder interests.
Science Group PLC announced the repurchase of 5,000 of its ordinary shares at a price of 421.25 pence per share, representing 0.01% of the voting rights. This transaction is part of the company’s ongoing share buyback program, which aims to manage its capital structure effectively. The repurchased shares will be held in treasury, and the total number of ordinary shares in issue, excluding treasury shares, is now 44,629,959. This move may impact shareholders’ calculations regarding their interest in the company under regulatory guidelines.
Science Group plc announced that its Executive Chair, Martyn Ratcliffe, has purchased 10,000 ordinary shares at 410 pence each, increasing his total shareholding to approximately 21.27% of the company’s issued share capital. This transaction signifies Ratcliffe’s continued confidence in the company’s future prospects and may positively influence stakeholder perception of the company’s stability and growth potential.
Science Group PLC has announced the repurchase of 5,000 of its ordinary shares at a price of 428.5 pence per share, representing 0.01% of the voting rights. This transaction, executed through Panmure Liberum Limited, is part of the company’s strategy to manage its share capital effectively, with the purchased shares being held in treasury. The total number of ordinary shares in issue, excluding treasury shares, now stands at 44,634,959. This move could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC announced the purchase of 1,246 of its own ordinary shares at a consistent price of 431.0 pence per share. This transaction represents a minor portion of the company’s voting rights and is part of a buyback program, with the shares being held in treasury. The move is likely aimed at optimizing the company’s capital structure and enhancing shareholder value.
Science Group PLC has increased its shareholding in Ricardo plc to 17.32%, becoming the second largest shareholder in the company. This strategic move could potentially strengthen Science Group’s influence in the science and technology sector, impacting its market positioning and stakeholder interests.
Science Group PLC has announced the repurchase of 3,500 of its ordinary shares at a consistent price of 436.0 pence per share. This transaction represents a small fraction of the company’s total voting rights and the repurchased shares will be held in treasury. Following this buyback, the total number of ordinary shares in issue, excluding treasury shares, stands at 44,641,205. This figure will be used by shareholders for regulatory calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC has expressed concerns over Ricardo PLC’s management and financial performance, highlighting issues such as poor cash conversion, inadequate financial processes, and excessive executive remuneration. Despite similar market conditions, Science Group has outperformed Ricardo, raising questions about Ricardo’s governance and strategic decisions. Science Group holds a significant shareholding in Ricardo and has called for improvements in governance and transparency to benefit all shareholders.
Science Group PLC announced the repurchase of 3,000 of its ordinary shares at a consistent price of 429.0 pence per share, executed through Panmure Liberum Limited. This transaction represents a minor portion of the company’s total voting rights and will be held in treasury, potentially impacting shareholder calculations under FCA rules.
Science Group plc, a company listed on the AIM market, announced the issuance of 10,000 treasury shares at an average price of 1 pence per share to settle the exercise of share options. Following this transaction, the total number of ordinary shares in issue, excluding treasury shares, is 44,647,705. This figure is relevant for shareholders to determine any necessary notifications under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC announced the repurchase of 10,000 of its ordinary shares at a price of 437.0 pence per share, representing 0.02% of the voting rights before the purchase. This transaction is part of the company’s buyback program and will result in the shares being held in treasury, impacting the total number of shares available for shareholder calculations under FCA rules.
Science Group PLC announced that its Executive Chair, Martyn Ratcliffe, has purchased 10,000 ordinary shares at 436 pence each, increasing his total holdings to approximately 21.24% of the company’s issued share capital. This transaction highlights Ratcliffe’s confidence in the company’s future prospects and may positively influence stakeholder perception, reinforcing the company’s stability and potential for growth.
Science Group PLC announced that its Executive Chair, Martyn Ratcliffe, has purchased 10,000 ordinary shares in the company, increasing his total shareholding to approximately 21.22% of the issued share capital. This move signifies a strong vote of confidence in the company’s future prospects, potentially impacting investor perception and market positioning.
Science Group plc announced that its Group Managing Director, Daniel Edwards, has purchased 6,667 ordinary shares at 425 pence each, increasing his total holding to approximately 0.22% of the company’s issued share capital. This transaction reflects a continued confidence in the company’s prospects by its leadership, although it does not alter the shareholding positions of other directors.
Science Group plc reported a record adjusted operating profit of £21.5 million for the year ended 31 December 2024, despite a slight decline in revenue to £110.7 million. The company maintained a strong balance sheet with significant cash resources, enabling an investment in Ricardo plc, making Science Group the second largest shareholder. The Group’s Consultancy Division saw a decrease in revenue due to market conditions and strategic refocusing, while its Systems Businesses reported increased revenue and profit. The company plans to continue its share buy-back program and maintain its dividend, reflecting its capital allocation strategy.
Science Group plc, listed on AIM under the ticker SAG, has announced that it will release its Preliminary Results for the fiscal year ending 31 December 2024 on 24 March 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting investor decisions and market positioning.
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.
Science Group plc, a company listed on the AIM market, has executed a share buyback by purchasing 4,000 of its ordinary shares at a price of 413.0 pence each. This transaction represents a minor portion of the company’s total voting rights and is part of its ongoing treasury management strategy. The shares will be held in treasury, and the current total number of ordinary shares in issue, excluding treasury shares, is now 44,651,705. This move allows shareholders to use the updated figure for regulatory reporting under the FCA’s rules.
Science Group plc, a company listed on the AIM market, has executed a share buyback, purchasing 5,000 of its ordinary shares at a consistent price of 422.0 pence per share. This transaction, representing 0.01% of the voting rights, is part of the company’s strategy to manage its share capital, with the acquired shares being held in treasury. The move impacts the total number of shares in issue, now standing at 44,655,705, and provides a new denominator for shareholders to calculate their interests under regulatory guidelines.
Science Group PLC, the second-largest shareholder in Ricardo PLC, has expressed concerns over Ricardo’s governance and financial performance, highlighting issues such as missed strategic targets and poor cash flow. Science Group has proposed changes to Ricardo’s board and executive remuneration, emphasizing the need for accountability and improved governance to restore shareholder value. The announcement underscores Science Group’s strategic investment approach and its commitment to enhancing operational efficiency and productivity in its portfolio companies.
Science Group PLC announced the repurchase of 3,600 of its ordinary shares at a price of 430.0 pence per share, representing 0.01% of the voting rights before the transaction. These shares will be held in treasury, and the total number of shares in issue, excluding treasury shares, is now 44,660,705. This move is part of a buyback program facilitated by Panmure Liberum Limited, potentially impacting shareholder calculations under the FCA’s rules.
Science Group PLC has increased its shareholding in Ricardo plc to 15.19%, becoming the second largest shareholder. Ricardo, a British science and technology company, has faced challenges due to poor board strategy and governance, leading to significant shareholder dissatisfaction. This strategic investment by Science Group highlights the ongoing issues within Ricardo and suggests a potential shift in shareholder influence.
Science Group PLC has increased its shareholding in Ricardo plc to approximately 14.18% of the voting rights. This strategic investment is considered a substantial transaction under AIM Rules, reflecting Science Group’s interest in Ricardo’s financial performance, which reported a profit before tax of £4.3 million and gross assets of £457.7 million.
Science Group PLC has increased its shareholding in Ricardo plc to 12% of the voting rights, amid Ricardo’s financial challenges and low share price. This strategic investment is significant under AIM Rules, and Science Group is actively engaging with Ricardo to potentially realign its corporate strategy to enhance shareholder value.
Science Group PLC has repurchased 1,500 of its ordinary shares at an average price of 433.5 pence per share, representing a small fraction of its total voting rights. This transaction, conducted through Panmure Liberum Limited, is part of the company’s buyback program, which could impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC announced the repurchase of 4,000 of its ordinary shares at a price of 436.0 pence per share, representing 0.01% of the voting rights. These shares will be held in treasury, adjusting the total number of ordinary shares in issue to 44,673,175. This transaction is part of the company’s ongoing buyback programme, which may impact shareholder calculations under FCA’s rules.
Science Group plc, a company listed on the AIM market, announced the repurchase of 3,400 of its ordinary shares at a price of 439.0 pence per share, representing 0.01% of the voting rights. These shares will be held in treasury, and the total number of ordinary shares in issue, excluding treasury shares, is now 44,677,175. This transaction is part of the company’s buyback program, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC announced the repurchase of 3,400 of its ordinary shares at a price of 439.0 pence per share, which represents 0.01% of the voting rights before the purchase. This transaction is part of the company’s buyback program and the shares will be held in treasury, adjusting the total number of shares in issue to 44,677,175. This move could impact shareholder calculations regarding their interests under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group PLC has increased its shareholding in Ricardo PLC, now owning approximately 7.26 million shares, which equates to 11.67% of the voting rights. This strategic investment is considered a substantial transaction under AIM Rules, reflecting Science Group’s potential interest in further involvement with Ricardo, which reported a profit before tax of £4.3 million and gross assets of £428.8 million for the year ended 30 June 2024.
Science Group PLC has repurchased 5,750 of its ordinary shares at a price of 434.0 pence per share, representing 0.01% of the voting rights. This transaction, conducted through Panmure Liberum Limited, is part of a buyback program, with the shares to be held in treasury. The total number of ordinary shares in issue, excluding treasury shares, is now 44,680,575. This buyback may impact shareholder calculations regarding their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.
Science Group has strategically acquired a significant shareholding in Ricardo plc, purchasing approximately 5.26 million shares, which equates to 8.46% of the voting rights, for around £12.2 million. This investment, funded from existing resources, reflects Science Group’s robust financial position and aims to engage with Ricardo’s board to optimize the investment, especially given Ricardo’s low share price compared to broader market trends.
Science Group PLC has repurchased 4,000 of its ordinary shares at a price of 445.0 pence per share, representing 0.01% of the voting rights prior to the transaction. This buyback, executed through Panmure Liberum Limited, reduces the total number of ordinary shares in issue to 44,686,325, excluding treasury shares, and is part of the company’s ongoing strategy to manage its capital structure effectively.
Science Group PLC, a company listed on the AIM market, has conducted a share buyback, purchasing 5,000 of its ordinary shares at a price of 449 pence each, representing 0.01% of the voting rights. The shares will be held in treasury, and the total number of ordinary shares in issue is now 44,690,325. This transaction enables shareholders to use this figure for regulatory calculations under the FCA’s rules.
Science Group PLC has repurchased 5,000 of its ordinary shares at 450.0 pence per share, representing 0.02% of the total voting rights. This action, executed through Panmure Liberum Limited, adjusts the number of ordinary shares in issue to 44,695,325, excluding treasury shares. The move is part of the company’s ongoing buyback programme, impacting the calculation of shareholder interests under regulatory guidelines.
Science Group PLC has announced a recent buyback of 2,500 of its ordinary shares at a price of 452.0 pence each. This transaction represents a small portion, 0.01%, of the voting rights of the total ordinary shares before the purchase and is part of a broader buyback program. The shares bought will be held in treasury, which now totals 1,485,549 shares, leaving 44,700,325 ordinary shares in issue. This action may have implications for shareholder calculations under FCA’s disclosure requirements, indicating strategic financial management by the company.
Science Group PLC has announced a share buyback, purchasing 2,500 of its own ordinary shares at an average price of 453.0 pence per share. This transaction, executed through Panmure Liberum Limited, represents a minor adjustment to the company’s share capital but may have implications for shareholder voting rights calculations according to FCA rules.
Science Group PLC has repurchased 4,000 of its ordinary shares at a fixed price, representing a small fraction of its total voting rights. This transaction, conducted through Panmure Liberum Limited, signifies a strategic move to manage its share capital, potentially strengthening its financial structure and offering flexibility for future corporate actions.
Science Group PLC announced the repurchase of 5,000 of its ordinary shares at an average price of 462.0 pence per share, conducted through Panmure Liberum Limited. This buyback, representing 0.01% of voting rights, affects the total number of shares available for trade and provides shareholders with a new denominator for regulatory calculations regarding their shareholding disclosures.
Science Group PLC has announced a share buyback, purchasing 3,240 of its ordinary shares, representing 0.01% of the voting rights. The shares were bought at a consistent price of 462.5 pence each and will be held in treasury, adjusting the total shares in issue to 44,714,325. This transaction allows shareholders to calculate any necessary notifications of changes in holdings as per regulatory requirements.