LONDON: Smiths Group plc has sold 1.2m shares in ICU Medical Inc, representing approximately 4.9% of ICU Medical’s issued share capital. Smiths will receive net proceeds of c.$152m (£117m) from the sale which will be used for general corporate purposes.

Smiths continues to hold 0.47m shares in ICU Medical representing approximately 1.92% of ICU Medical’s issued share capital.