Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Rule 19.6(b) update and Rule 19.6(c) confirmation

18th Feb 2026 07:00

RNS Number : 3786T
Surgical Science Sweden AB
18 February 2026
 

The following announcement is being made pursuant to the requirements of RuleS 19.6(B) and 19.6(C) of the City Code on Takeovers and Mergers (the "Code").

FOR IMMEDIATE RELEASE

 

18 February 2026

 

SURGICAL SCIENCE SWEDEN AB

 

Rule 19.6(b) update and Rule 19.6(c) confirmation with respect to the stated post-offer intentions made with regard to Intelligent Ultrasound Group plc

 

Surgical Science Sweden AB ("Surgical Science" or the "Company"), announces that further to the completion of its recommended acquisition of the entire issued and to be issued ordinary share capital of Intelligent Ultrasound Group plc ("Intelligent Ultrasound"), which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 on 18 February 2025 (the "Acquisition"), its board of directors has duly confirmed in writing to The Panel on Takeovers and Mergers, in accordance with the requirements of Rule 19.6(c) of the Code, that, save as detailed below, the Company has complied with its post-offer statements of intent made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement made under Rule 2.7 of the Code published on 19 December 2024 and the scheme document published on 15 January 2025 (the "Scheme Document").

 

The Scheme Document stated that Surgical Science intended to, inter alia, retain Intelligent Ultrasound's Chief Executive Officer, Stuart Gall in a new senior role within the Combined Group. However, Mr Gall voluntarily resigned with effect from 30 November 2025 to pursue another opportunity. In addition, the Scheme Document stated that, based on a total headcount of 48 employees at that time, there would be an expected reduction in total headcount within Intelligent Ultrasound's operations of between 10-20% subject to the Company's Post Completion Review. At the completion of the acquisition, Intelligent Ultrasound had 50 employees. Since completion of the acquisition of Intelligent Ultrasound, Surgical Science has in fact made a total of 11 redundancies, which equates to approximately 22.9% of the 48 employees referred to in the Scheme Document.

 

Enquiries:

 

Surgical Science Sweden AB

 

Tom Englund, CEO

+46 70 916 16 81

Anna Ahlberg, CFO

+46 70 855 38 35

 

 

Strand Hanson Limited (Financial Adviser to Surgical Science)

+44 (0) 207 409 3494

James Dance / Christopher Raggett

Matthew Chandler / Rob Patrick

 

 

Disclaimers

This announcement does not constitute any advice or recommendation with respect to such securities or other financial instruments.

Strand Hanson Limited ("Strand Hanson"), which is authorised and regulated in the United Kingdom by the FCA, is acting as financial adviser to Surgical Science and no one else in connection with the Acquisition and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than Surgical Science for providing the protections afforded to clients of Strand Hanson, nor for providing advice in relation to any matter referred to in this announcement. Neither Strand Hanson nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Strand Hanson in connection with the matters referred to in this announcement, any statement contained herein or otherwise.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
OUPEALAXFFDKEFA

Related Shares:

Surgical Scienc
FTSE 100 Latest
Value10,686.18
Change0.00