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 June 2026, primarily to satisfy the National Security and Investment Act 2021 condition. This extension introduces uncertainty regarding the timing of the disposal and the satisfaction of the regulatory condition, with further updates to be provided.
Select text to share a quote on X · sign in to keep highlights & notes in your PIP notes
PipeHawk (AIM: PIP) announces that, further to its announcement on 2 March 2026 regarding the long-stop date for completion of the proposed disposal of the entire issued share capital of Utsi Electronics Limited (the "Disposal"), the long-stop date has been extended to 30 June 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.