Its businesses share common characteristics (well-positioned in growing markets, technology-led, asset-light, digitising, with a high proportion of aftermarket revenues) and a common operating model (The Smiths Excellence System). Smiths Group aims to revive medical unit's health with demerger ... Smiths Group's medical unit makes equipment used in hospitals such as pumps. Smiths Group plc: Registered office 4th Floor, NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTIONFurther to the announcement on 14 November 2018, Smiths Group plc announces its intention to pursue a demerger of the Smiths Medical business and separately list it in the UK. Smiths Group plc: Registered office 4th Floor,Legal Entity Identifier (LEI): 213800MJL6IPZS3ASA11 Smiths Group to float medical division in demerger plans. Further to the announcement on 14 November 2018, Smiths Group plc announces its intention to pursue a demerger of the Smiths Medical business and separately list it in the UK. Alan Tovey, Industry Editor 22 March 2019 • 1:18pm. The Scheme of Arrangement is subject to the approval of the Court.Smiths colleagues from around the world bring to life the critical role that our technologies play in the world.Advancing innovation and digital transformation at Smiths, starting with our Smiths Digital Forge in San Francisco.Hear from engineers at Smiths about their experiences in the sector.An introduction to Smiths Group, characteristics of our business and an FY2019 overview.

At a Court Meeting of LCE Holders, also held today, the resolution proposed to approve the Scheme of Arrangement was duly passed by the requisite majority. The strategic plan for Smiths Medical will be further developed with the leadership over the coming months.Andy Reynolds Smith, Chief Executive of Smiths, said:“Pursuing a demerger of Smiths Medical will lead to two stronger companies each focusing on accelerating the execution of their plans and maximising the opportunities in their respective markets.With sustained operational improvement and investment, both Smiths and Smiths Medical are well positioned to capitalise on their leadership positions and new products.Smiths will become a leading Industrial Technology group concentrated on the execution of its organic and inorganic growth strategy whilst maximising shareholder value.” Smiths is a global technology company listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). Uncertainty caused by the coronavirus means the industrial conglomerate has delayed the separation of its medical unit. Smiths expects to complete the process during the first half of CY2020, conditional on the approval of Smiths’ shareholders. For more information visit Smiths Medical is a leading supplier of specialised medical devices and equipment for global markets, focusing on medication delivery, vital care and safety devices. © 2020 Smiths Group plc © 2020 Smiths Group plc For more information visit Smiths colleagues from around the world bring to life the critical role that our technologies play in the world.Advancing innovation and digital transformation at Smiths, starting with our Smiths Digital Forge in San Francisco.Hear from engineers at Smiths about their experiences in the sector.An introduction to Smiths Group, characteristics of our business and an FY2019 overview. Based on the work done to date, Smiths does not foresee any potential roadblocks in executing the demerger.