Summary
NCC Group, based in Manchester, has completed the sale of its Escode division for £253 million alongside two other disposals since 2024, generating combined receipts of £349 million. The company plans to return £185 million to shareholders, comprising a £170 million tender offer and a £15 million share buyback, subject to shareholder approval and court confirmation.
The tender offer is priced at 145 pence per share and could result in the repurchase of up to 41.2% of issued share capital if fully subscribed. Directors will not participate in the offer and have chosen not to recommend acceptance, leaving individual shareholders to decide whether to realise immediate value or retain holdings for future growth.
The restructuring follows weaker financial performance including declining revenue and operating losses, though the company maintains healthy free cash flow generation and a solid balance sheet. NCC Group is refocusing on core cybersecurity and digital assurance services following the Escode disposal.
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Common questions
- What is this article about?
- Manchester cybersecurity firm NCC Group will return £185 million to shareholders following the sale of its Escode division and two other disposals that raised £349 million in total. The company is proposing a £170 million tender offer at 145 pence per share, representing an 11% premium to its recent closing price.
- When was this published?
- This article was published on 7 July 2026.
- Who published this article?
- This article was published by Prolific North.