Manchester-based global cyber security firm NCC Group plc confirmed on Wednesday it is considering options for its Escode and Cyber businesses.

NCC said there can be no certainty any offers for the businesses will be made.

“On 28 April 2025, the Board of NCC Group plc confirmed that it was investigating a number of options for its Escode business including a potential sale,” said NCC.

“The Company confirms this process is continuing but there can be no certainty that it will result in a transaction that the Board would be happy to recommend.

“The Company notes the recent media speculation and confirms that it is in the early stages of commencing a review of all strategic options for its Cyber business in the event the sale of the Escode business is agreed.

“The Cyber Review is at a very preliminary stage and includes a range of potential outcomes, including potential offers for the entire issued, and to be issued, share capital of the Company.

“No decision has been made regarding which options will be pursued. 

“The Company is not in discussions with, nor in receipt of any approach from, any potential offeror at the time of this announcement.

“There can be no certainty either that an offer will be made nor as to the terms of any offer, if made. A further announcement will be made when appropriate …

“The Takeover Panel Executive has granted a dispensation from the requirement of Rules 2.4 (a) and (b) of the Code such that NCC is not required to identify in this announcement any potential offeror with which the Company is in talks, or from which an approach has been received, unless that potential offeror has been specifically identified in any rumour or speculation.

“As a consequence of this announcement, NCC is now in an ‘offer period’ as defined in the Code and the attention of NCC shareholders is drawn to the dealing disclosure requirements of Rule 8 of the Code …”