Science Group ups Ricardo shareholding to just under 12pc

(Sharecast News) - Science Group announced on Monday that it has increased its shareholding in Ricardo to 7.26 million shares, representing 11.67% of the voting rights. The AIM-traded company said it may or may not further increase its holding.

It noted that the investment qualified as a substantial transaction under the AIM rules, requiring disclosure.

Ricardo reported a profit before tax of £4.3m and gross assets of £428.8m for the year ended 30 June.

At 1011 GMT, shares in Science Group were up 1.5% at 439.5p.

Reporting by Josh White for Sharecast.com.