Form 8 - Cicor Technologies Ltd.
Cicor Technologies Ltd. has disclosed its public opening position as an offeror on November 13, 2025, with the latest practicable date for position holding being November 12, 2025. The company itself holds no relevant securities, cash-settled derivatives, or stock-settled derivatives. However, individuals acting in concert with Cicor Technologies Ltd. hold a total of 38,132 ordinary shares, representing 0.87% of the issued ordinary share capital. Additionally, OEP 80 B.V., also acting in concert, holds 1,881,026 ordinary shares, equating to 42.86% of the issued ordinary share capital. Several directors and executive leadership team members have contractual agreements not to dispose of shares for periods ranging up to September 2028.
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Rules 8.1 and 8.2 of the Takeover Code (the "Code")
KEY INFORMATION
| (a) Full name of discloser: | Cicor Technologies Ltd. |
| (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Cicor Technologies Ltd. |
| (d) Is the discloser the offeror or the offeree? | Offeror |
| (e) Date position held: The latest practicable date prior to the disclosure | 12 November 2025 |
POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE
| Class of relevant security: | Ordinary (CHF 10.00) | |||
| Interests | Short positions | |||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | Nil | - | Nil | - |
| (2) Cash-settled derivatives: | Nil | - | Nil | - |
| TOTAL: | Nil | - | Nil | - |
All interests and all short positions should be disclosed.
Rights to subscribe for new securities
| Class of relevant security in relation to which subscription right exists: | N/A |
| Details, including nature of the rights concerned and relevant percentages: | N/A |
- POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE
- Interests in ordinary shares in Cicor Technologies Ltd. held by directors and executive leadership team of Cicor Technologies Ltd. and their close relatives and related trusts Name Number of Cicor Technologies Ltd. ordinary shares Percentage of issued ordinary share capital of Cicor Technologies Ltd. (%) [1] Daniel Frutig [2] 9,101 0.21 Norma Corio [3] 1,278 0.03 Denise Koopmans [4] 1,685 0.04 Alexander Hagemann 18,534 0.42 Peter Neumann 5,231 0.12 Marco Kechele 2,303 0.05 Total 38,132 0.87 B) Interests held as options or awards (whether vested or unvested and whether or not subject to conditions) held by directors and executive leadership team of Cicor Technologies Ltd. in ordinary shares in Cicor Technologies Ltd. Name Scheme under which granted Date of grant Price at grant (exercise price) (CHF) Number of ordinary shares Vesting date Expiry date Daniel Frutig N/A [5] 17 April 2025 Nil 1,093 16 April 2026 N/A Norma Corio N/A [6] 17 April 2025 Nil 875 16 April 2026 N/A Denise Koopmans N/A [7] 17 April 2025 Nil 875 16 April 2026 N/A Alexander Hagemann PSOP 2022-2024 1 January 2022 52.80 4,032 31 December 2024 [8] 31 December 2028 PSOP 2023-2025 1 January 2023 42.90 6,743 31 December 2025 [9] 31 December 2029 PSOP 2024-2026 1 January 2024 49.80 22,430 31 December 2026 31 December 2030 PSOP 2025-2027 1 January 2025 60.00 23,726 31 December 2027 31 December 2031 PSP 2023-2025 1 January 2023 Nil 4,578 31 December 2025 [10] N/A PSP 2024-2026 1 January 2024 Nil 10,892 31 December 2026 N/A PSP 2025-2027 1 January 2025 Nil 9,340 31 December 2027 N/A Special PSP 1 September 2025 Nil 2,324 31 December 2027 N/A Peter Neumann PSOP 2023-2025 1 January 2023 42.90 3,372 31 December 2025 [11] 31 December 2029 PSOP 2024-2026 1 January 2024 49.80 11,691 31 December 2026 31 December 2030 PSOP 2025-2027 1 January 2025 60.00 12,513 31 December 2027 31 December 2031 PSP 2023-2025 1 January 2023 Nil 2,288 31 December 2025 N/A PSP 2024-2026 1 January 2024 Nil 5,676 31 December 2026 N/A PSP 2025-2027 1 January 2025 Nil 4,926 31 December 2027 N/A Special PSP 1 September 2025 Nil 2,008 31 December 2027 N/A Marco Kechele PSOP 2023-2025 1 January 2023 42.90 3,372 31 December 2025 [12] 31 December 2029 PSOP 2024-2026 1 January 2024 49.80 10,059 31 December 2026 31 December 2030 PSOP 2025-2027 1 January 2025 60.00 10,826 31 December 2027 31 December 2031 PSP 2023-2025 1 January 2023 Nil 2,288 31 December 2025 N/A PSP 2024-2026 1 January 2024 Nil 4,884 31 December 2026 N/A PSP 2025-2027 1 January 2025 Nil 4,262 31 December 2027 N/A Special PSP 1 September 2025 Nil 2,008 31 December 2027 N/A C) Interests in ordinary shares in Cicor Technologies Ltd. held by OEP 80 B.V. Name Number of Cicor Technologies Ltd. ordinary shares Percentage of issued ordinary share capital of Cicor Technologies Ltd. (%) OEP 80 B.V. 1,881,026 42.86
- OTHER INFORMATION
- Indemnity and other dealing arrangements
Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: Name Agreement, arrangement or understanding Number of Cicor Technologies Ltd. ordinary shares held by relevant person(s) that the agreement, arrangement or understanding relates to [13] Percentage of issued ordinary share capital of Cicor Technologies Ltd. Daniel Frutig [14] Contractual agreement to not dispose of shares for a three-year period ending 18 April 2026 1,220 0.03 Contractual agreement to not dispose of shares for a three-year period ending 19 April 2027 1,479 0.03 Contractual agreement to not dispose of shares for a three-year period ending 18 April 2028 1,962 0.04 Norma Corio [15] Contractual agreement to not dispose of shares for a three-year period ending 19 April 2027 493 0.01 Contractual agreement to not dispose of shares for a three-year period ending 18 April 2028 785 0.02 Denise Koopmans [16] Contractual agreement to not dispose of shares for a three-year period ending 18 April 2026 407 0.01 Contractual agreement to not dispose of shares for a three-year period ending 19 April 2027 493 0.01 Contractual agreement to not dispose of shares for a three-year period ending 18 April 2028 785 0.02 Alexander Hagemann Contractual agreement to not dispose of shares for a three-year period ending 1 September 2028 1,179 0.03 Peter Neumann Contractual agreement to not dispose of shares for a three-year period ending 1 September 2028 1,018 0.02 Marco Kechele Contractual agreement to not dispose of shares for a three-year period ending 1 September 2028 1,018 0.02
- Agreements, arrangements or understandings relating to options or derivatives
None
Attachments
Are any Supplemental Forms attached?
| Supplemental Form 8 (Open Positions) | No |
| Supplemental Form 8 (SBL) | No |
| Date of disclosure: | 13 November 2025 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
[1] Excludes treasury shares. Percentages have been given to two decimal places.
[2] Shares are held through Daniel Frutig, his close relatives (Eva Frutig, Anna Frutig) and an associated company (EvolutionF AG).
[3] Shares are jointly held by Norma Corio and her close relative (Lawrence Corio).
[4] Shares are held through an associated company (K+Co Consulting GmbH).
[5] These shares were awarded as part of the overall remuneration package for the board of directors for the 2025-2026 financial year.
[6] As above.
[7] As above.
[8] The vesting date for these options based on applicable scheme rules is as stated. However, in practice, board approval of satisfaction of applicable conditions in respect of these options took place in 18 April 2025 and the stated number of options vested thereafter.
[9] For options granted under the PSOP, vesting of the relevant options is subject to board approval based on the satisfaction of applicable conditions, which may take place later than 31 December of the relevant year.
[10] For shares granted under the PSP, vesting of the relevant shares is subject to board approval based on the satisfaction of applicable conditions, which may take place later than 31 December of the relevant year.
[11] As above.
[12] As above.
[13] Agreements, arrangements or understandings set out in this table relate to shares held by the relevant person(s) as disclosed under section 3(A) above.
[14] Shares are held through Daniel Frutig, his close relatives (Eva Frutig, Anna Frutig) and an associated company (EvolutionF AG).
[15] Shares are jointly held by Norma Corio and her close relative (Lawrence Corio).
[16] Shares are held through an associated company (K+Co Consulting GmbH).
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