Smiths Group sells down stake in ICU Medical

17th Jul 2024 07:18

(Sharecast News) - Smiths Group announced the sale of 1.2 million shares in ICU Medical on Wednesday, amounting to roughly 4.9% of ICU Medical's issued share capital.

The FTSE 100 company said the transaction was set to generate net proceeds of approximately $152m (£117m) for the group.

It said it planned to use the funds for general corporate purposes.

After the sale, Smiths Group retained a stake in ICU Medical, holding 0.47 million shares, equating to around 1.92% of ICU's issued share capital.

At 0828 BST, shares in Smiths Group were down 0.29% at 1,746p.

Reporting by Josh White for Sharecast.com.

Top Risers

Share	Price	Change
Aferian (AFRN)	6.05	0%
Bigblu Broadb. (BBB)	37.50	0%
Jangada Mines (JAN)	1.30	0%
Arc Minerals (ARCM)	2.125	0%
Coro Energy (CORO)	0.0325	0%

Top Fallers

Share	Price	Change
Armadale Capital (ACP)	0.06	0%
Synergia Energy (SYN)	0.0525	0%
United Oil&gas (UOG)	0.26	0%
Ensilica (ENSI)	43.00	0%
Kodal Minerals (KOD)	0.335	0%

Top By Volume

Share	Price	Volume
Tower Resources (TRP)	0.031	0
Nativo Resources (NTVO)	0.0025	0
Kodal Minerals (KOD)	0.335	0
Synergia Energy (SYN)	0.0525	0
Clontarf (CLON)	0.039	0

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.