16 August 2024
Intelligent Ultrasound Group plc
("Intelligent Ultrasound" or the "Group" or the "Company")
Exercise of share options and change to total voting rights
Intelligent Ultrasound Group plc (AIM: IUG), the 'classroom to clinic' ultrasound company, specialising in artificial intelligence (AI) software and simulation, announces that it has issued, conditional on admission, 170,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"), pursuant to the exercise of share options.
The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and application has been made for the new Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange ("Admission"). Admission is expected to occur, and dealings in the new Ordinary Shares commence, at 8:00 a.m. on 19 August 2024.
Total Voting Rights
Following Admission, the Company will have 327,039,921 Ordinary Shares in issue. This figure of 327,039,921 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
ENDS
For further information, please contact:
Intelligent Ultrasound Group plc | |
Stuart Gall, CEO | Tel: +44 (0)29 2075 6534 |
Helen Jones, CFO |
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Cavendish Capital Markets Limited (Nominated advisor and broker) |
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Giles Balleny / Dan Hodkinson (Corporate Finance) Nigel Birks (ECM) Dale Bellis (Sales) | Tel: +44 (0)20 7397 8900
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TB Cardew - PR Advisors Ed Orlebar | Intelligentultrasound@tbcardew.com Tel: +44 (0)7738 724630 | |
Allison Connolly | Tel: +44 (0)7587 453955 | |
Emma Pascoe-Watson | Tel: +44 (0)7774 620415 | |
Jessica Pilling | Tel: +44 (0)7918 584573 | |
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About Intelligent Ultrasound Group
Intelligent Ultrasound (AIM: IUG) is one of the world's leading 'classroom to clinic' ultrasound companies, specialising in real-time hi-fidelity virtual reality simulation for the ultrasound training market ('classroom') and artificial intelligence-based clinical image analysis software tools for the diagnostic medical ultrasound market ('clinic'). Based in Cardiff in the UK and Atlanta in the US, the Group has two revenue streams:
Simulation
Real-time hi-fidelity ultrasound education and training through simulation. Our main products are the ScanTrainer obstetrics and gynaecology training simulator, the HeartWorks echocardiography training simulator, the BodyWorks Eve Point of Care and Emergency Medicine training simulator with Covid-19 module and the new BabyWorks Neonate and Paediatric training simulator. To date over 1,700 simulators have been sold to over 800 medical institutions around the world.
Clinical AI software
Deep learning-based algorithms to make ultrasound machines smarter and more accessible using our proprietary ScanNav ultrasound image analysis technology. Current products on the market utilising this technology are GE HealthCare's SonoLyst software that is incorporated in their Voluson Expert and SWIFT ultrasound machines; ScanNav Anatomy PNB that simplifies ultrasound-guided needling by providing the user with real-time AI-based anatomy highlighting for a range of medical procedures; and NeedleTrainer that teaches real-time ultrasound-guided needling and incorporates ScanNav Anatomy PNB.
NOTE: ScanNav Anatomy PNB is CE approved and cleared for sale in the US by the FDA but is not available for sale in any other territory requiring government approval for this type of product.
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