Surgical Science Sweden

On 19 December, the respective board of directors of Surgical Science Sweden AB (“Surgical Science” or the “Company”) and Intelligent Ultrasound Group PLC (“Intelligent Ultrasound”) announced that they have reached agreement on the terms of a recommended cash acquisition to be made by Surgical Science for the entire issued and to be issued ordinary share capital of Intelligent Ultrasound (the “Intelligent Ultrasound Acquisition”). The Intelligent Ultrasound Acquisition is to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006, which requires the approval of Intelligent Ultrasound Shareholders and the sanction of the Court (the “Scheme”).

Unless otherwise defined, all capitalised terms in this announcement shall have the meanings given to them in the scheme document published by Intelligent Ultrasound on 15 January 2025 in connection with the Scheme (the “Scheme Document”).

Surgical Science is pleased to announce that Intelligent Ultrasound has today made an announcement in the United Kingdom via the Regulatory News Service relating to the results of the Court Meeting and General Meeting of Intelligent Ultrasound Shareholders (the “Meetings”) convened in relation to the Scheme and held earlier today in respect of the Intelligent Ultrasound Acquisition (the “RNS Announcement”). The board of directors of Intelligent Ultrasound announced that, at the Meetings, all resolutions proposed, details of which are set out in the notices of the Meetings contained in the Scheme Document, were passed by the requisite majorities and accordingly the Scheme was approved.

A copy of the RNS Announcement is attached to this press release and will also be made available on Surgical Science’s website, subject to certain restrictions relating to persons resident in certain restricted jurisdictions.

Completion of the Intelligent Ultrasound Acquisition remains subject to the satisfaction or (where applicable) waiver of the remaining Conditions (as set out in Part 4 of the Scheme Document) and the Court sanctioning the Scheme at the Scheme Court Hearing. Subject to the Scheme receiving the sanction of the Court and the delivery of the Court Order to the Registrar of Companies, the Scheme is expected to become Effective on 18 February 2025.

Surgical Science has appointed Pareto Securities AB as Financial Advisor and Strand Hanson Limited as UK Financial Advisor for the Intelligent Ultrasound Acquisition. Baker McKenzie LLP is acting as legal adviser to Surgical Science, and PwC acts as due diligence adviser to Surgical Science in connection with the Intelligent Ultrasound Acquisition.

Gothenburg, Sweden, February 6, 2025
Surgical Science Sweden AB (publ)

The RNS Announcement, in its entirety, is available through the attachment or via:
https://surgicalscience/investor-relations/#press-releases