Intelligent Ultrasound Group Plc (GB:IUG) has released an update.
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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.
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