Latest news with #MarkClare
Reuters
01-05-2025
- Business
- Reuters
Science Group calls meeting of Ricardo shareholders to oust chairman
May 1 (Reuters) - Science Group (SAGS.L), opens new tab on Thursday said that it has requisitioned a general meeting of shareholders at Ricardo (RCDO.L), opens new tab to propose the removal of its Chairman Mark Clare, ramping up calls for change at the British consulting firm.
Reuters
14-03-2025
- Business
- Reuters
UK's Ricardo snubs shareholder Science Group's call to shuffle board
Companies March 14 (Reuters) - British consulting firm Ricardo Plc (RCDO.L), opens new tab on Friday rejected shareholder Science Group's (SAGS.L), opens new tab demand to replace its chair and two other directors, saying the call was not in the interests of Ricardo's other shareholders. UK's science and technology consultancy firm Science Group, which holds an over 15% stake in Ricardo, had urged the firm to make the changes, failing which it would call for a general meeting. "The board considers Science Group's demands... to be entirely self-serving and a backdoor attempt to gain control of the company without paying a takeover premium," Ricardo's Chair Mark Clare said. Shares in Ricardo rose 6.6% to 241p as of 1604 GMT. Science Group bought all of its stake in Ricardo in under a month and urged its rival's board to replace three directors with two of its own nominated candidates. Science group did not immediately to respond to a Reuters request for comment.
