Science Group plc (AIM:SAG) signed a letter of intent to acquire remaining 72% stake in TP Group plc (AIM:TPG) from Hargreave Hale Limited, Asset Management Arm and others for approximately £17.53 million on October 28, 2022. Science Group plc (AIM:SAG) agreed to acquire 72% stake in TP Group plc from Hargreave Hale AIM VCT plc (LSE:HHV) on October 31, 2022. Science Group plc will acquire remaining 561.255614 million shares at a price of 2.25 pence each share representing 72% shares. The acquisition will be financed from the existing cash resources of Science Group. Upon scheme being effective, David Lindsay has tendered his resignation and will step down from the board of TP Group with effect from today, January 26, 2023.`Scheme is expected to become effective in the first quarter of 2023. Stephen Keys, Mark Connelly, Callum Davidson of Cenkos Securities plc (AIM:CNKS) acted as financial advisor and Nick Adams, Alex Price, Richard Short of Stifel Nicolaus Europe Limited acted as financial advisor to Science Group plc. Mark Chivers, Charles Severs, Charles Cook, Sarah Smith, Philip Williams and Karin Kirschner of DLA Piper UK LLP acted as legal advisors to Science Group plc while Jeremy Phillips, Glyn Taylor of CMS Cameron McKenna Nabarro Olswang LLP acted as legal advisor to TP Group plc.

Science Group plc (AIM:SAG) completed the acquisition of remaining 72% stake in TP Group plc (AIM:TPG) from Hargreave Hale AIM VCT plc (LSE:HHV) and others on January 26, 2023.