Statement regarding TT Electronics plc
DBAY Advisors Limited announced on October 30, 2025, their position regarding Cicor Technologies Ltd's proposed acquisition of TT Electronics Plc. DBAY currently holds an interest in 29,387,928 ordinary shares of TT Electronics, representing approximately 16.5 percent of the company's issued ordinary share capital. DBAY is not supportive of the acquisition, which would entitle TT Electronics shareholders to receive 100 pence in cash and 0.0028 new Cicor shares for each TT Electronics share. DBAY does not intend to vote in favor of the scheme of arrangement or the resolutions to be proposed at TT Electronics' general meeting.
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DBAY notes the announcement dated 30 October 2025 (the "Announcement") by Cicor Technologies Ltd ("Cicor") regarding the recommended cash and share acquisition of TT Electronics by Cicor (the "Acquisition"), pursuant to which TT Electronics shareholders would be entitled to receive for each TT Electronics share 100 pence in cash and 0.0028 new Cicor shares.
As at today's date, DBAY holds an interest in 29,387,928 ordinary shares of TT Electronics, representing approximately 16.5 per cent. of TT Electronics' issued ordinary share capital.
DBAY is happy with the progress the business is currently making, and is therefore not supportive of the Acquisition. Accordingly, DBAY does not intend to vote in favour of the scheme of arrangement at the court meeting, nor the resolutions to be proposed at TT Electronics' general meeting, as further described in the Announcement.
This announcement has been made without the prior agreement or approval of TT Electronics or Cicor.
The person at DBAY responsible for making this announcement is Mike Haxby, Partner.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.