Proposed disposal of Utsi Electronics Limited
PipeHawk plc has announced an extension of the long-stop date for the proposed disposal of Utsi Electronics Limited to 30 April 2026, primarily to satisfy the National Security and Investment Act 2021 condition. The company cautions that there is no certainty regarding the timing of completion or the satisfaction of this condition.
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PipeHawk (AIM: PIP) announces that, further to its announcement on 24 December 2025 regarding the proposed disposal of the entire issued share capital of Utsi Electronics Limited (the "Disposal"), the long-stop date for completion of the Disposal has been extended to 30 April 2026 to allow, inter alia, satisfaction of the provisions of the National Security and Investment Act 2021 (the "NSI Act Condition").
Accordingly, there can be no certainty as to the timing of completion of the Disposal nor as to the NSI Act Condition being satisfied.
A further update will be provided in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.