NCC GROUP PLC — Capital/Financing Update 2025

Apr 28, 2025

National Storage Mechanism | Additional information

RNS Number : 4626G

NCC Group PLC

28 April 2025

28 April 2025

NCC Group plc

New £120m borrowing facilities to fund future strategy and further growth

NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), a people-powered, tech-enabled global cyber security and software escrow business, announces that, it has agreed a new four-year £120m multi-currency revolving credit facility ("RCF"), with a £50m uncommitted accordion option, provided by a syndicate of National Westminster Bank plc, HSBC UK Bank plc, Barclays Bank plc and Santander UK plc. The new RCF facility will expire on 28 April 2029. The new facility replaces the Group's previous £162.5m RCF, which had an expiry date of 22 December 2026.

As of 31 March 2025, the Group had net cash of £0.3m following the disposal of Fox Crypto B.V. for €78.5m. The new facility is unsecured, with a margin payable above SONIA/SOFR on a ratchet mechanism in the range of 1.35% to 2.35% depending on the level of the Group's leverage.

NCC was advised by Alvarez & Marsal Europe LLP, Debt Advisory, Manchester office.

Guy Ellis, CFO, commented:

"We would like to thank NatWest and HSBC for their continued support, and we welcome Barclays and Santander to the syndicate. This new facility, combined with our net cash position, continues to give NCC Group flexibility to pursue its strategy in 2025 and beyond."

Contact information Investor enquiries:
Yvonne Harley Director of Investor Relations & Sustainability  Email: [email protected]	Tel: +44(0)7824 412405
Media enquiries:
H/Advisors Maitland Sam Cartwright/Katie Hughes Email: [email protected]	Tel: +44(0)20 379 5151

About NCC Group plc

NCC Group is a people-powered, tech-enabled global cyber security and software escrow business. Driven by a collective purpose to create a more secure digital future, c. 2,200 colleagues across Europe, North America, and Asia Pacific harness their collective insight, intelligence, and innovation to deliver cyber resilience solutions for both public and private sector clients globally. With decades of experience and a rich heritage, NCC Group is committed to developing sustainable solutions that continue to meet client's current and future cyber security challenges.

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