Sale of Investment in Sanondaf
Summary by AI BETAClose X
3 October 2025
Intuitive Investments Group plc
("IIG" or the "Company")
Sale of Investment in Sanondaf
IIG plc announces that on 2 October 2025 it completed the sale of its entire 100% holding in Touchless Innovations Limited ("Sanondaf"), to the original owner of the Sanondaf business, Stuart White.
The decision to sell was taken in light of the continuing momentum of IIG's largest investment, Hui10 Inc ("Hui10"), a technology company leading the digital transformation of the Chinese lottery and the acceleration of the nationwide rollout of its products and services in China. The sale of Sanondaf will enable IIG to focus on the growth and expansion of Hui10.
The sale of Sanondaf was for a consideration of 753,895 IIG shares at a price of £1.19 per IIG share, owned by Stuart White returned to IIG and transferred directly into IIG's Employee Benefit Trust, IIG Assets. The consideration of the sale is valued at £0.9m. IIG's newly established Employee Benefit Trust is for the purpose of settling outstanding share option awards.
Giles Willits, Chief Executive Officer of IIG, commented: "IIG wishes Stuart and the team all the best with the future of the Sanondaf business and we look forward to further focusing our attention on Hui10 as the accelerated rollout of its products and services promise to grow into a significant business opportunity, delivering substantial revenue growth and shareholder value."
Enquiries:
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Intuitive Investments Group plc Sir Nigel Rudd, Non-Executive Chairman Giles Willits, CEO
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Via FTI Consulting |
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Zeus Graeme Summers / Dominic King |
+44 (0)20 3829 5000 |
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FTI Consulting Jamie Ricketts / Valerija Cymbal / Jemima Gurney |
+44 (0)20 3727 1000 IIG@fticonsulting.com |
About Intuitive Investments Group plc
IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing and / or high potential technology and life sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.
About Touchless Innovations Limited/Sanondaf
Sanondaf provides specialist disinfection and hygiene services, primarily through its core technology of spraying and fogging. Sanondaf's decontamination service is based around a hydrogen peroxide formula, which is administered as a dry vapour disinfection treatment which can be used on all electrical and electronic devices and all hard and soft furnishings safely, without causing damage or leaving any unsightly residue on the surfaces treated. Treatments are non-corrosive, contain no toxic ingredients and Sanondaf's application methods ensure they are not harmful to people, animals or the environment. It is safe for use in all settings, including operating theatres, critical care units, and is CASA (Civil Aviation Safety Authority) approved. Sanondaf's disinfection formula has proven efficacy against pathogens, including, viruses such as Covid-19 and Monkeypox, mould, bacteria and fungi.
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