Summary
NCC Group, headquartered in Manchester, plans a £170m tender offer at 145p per share alongside a £15m buyback programme. Shareholders can tender up to 41.2% of holdings, with the offer potentially purchasing and cancelling up to 117m shares. The proposals require shareholder approval at a general meeting on 23 July.
The capital return follows three strategic disposals completed between April 2024 and May 2026, generating approximately £349m in enterprise value including the Escode sale to TDR Capital funds. NCC concluded a strategic review in June and determined remaining as a listed company best serves shareholder interests.
Investec Bank will acquire tendered shares as principal before NCC repurchases them for cancellation. The offer is conditional on receiving valid tenders for at least 2.8m shares, representing 1% of issued share capital, with results expected 2 September.
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Common questions
- What is this article about?
- Manchester cybersecurity firm NCC Group is returning £170m to shareholders through a tender offer at 145p per share, an 11% premium to market price, following the £253m sale of its Escode business to TDR Capital in May.
- When was this published?
- This article was published on 9 July 2026.
- Who published this article?
- This article was published by TheBusinessDesk.