Intelligent Ultrasound Group Plc (GB:IUG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Intelligent Ultrasound Group plc has received overwhelming shareholder approval for a capital reduction, a strategic move following the sale of its Clinical AI Business to GE HealthCare for £40.5 million. This step is aimed at creating distributable reserves, with further details on the Company’s Simulation Business plans expected soon. The capital reduction is anticipated to be confirmed by Court Order in November.
For further insights into GB:IUG stock, check out TipRanks’ Stock Analysis page.