Cyber security group prepares to return £170m to shareholders after tender offer
Manchester-based cyber security and software escrow business, NCC Group, is set to pay out £170m to shareholders.
In July this year the group set out plans to return £170m to shareholders through a tender offer at 145p per share, an 11% premium to the closing price of its shares the previous day.
The cybersecurity business said it would also launch a £15m share buyback programme following completion of the tender offer.
The capital return followed the £253m sale of NCC’s Escode business to funds managed by TDR Capital i... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
