Adjournment of Court Meeting and General Meeting
TT Electronics PLC announced the adjournment of its Court Meeting and General Meeting, originally scheduled for December 17, 2025, to December 22, 2025, due to a competing offer from DBAY Advisors Limited. This follows Cicor Technologies Ltd.'s recommended final offer, which allows TT shareholders to receive either 150 pence in cash per share or 0.0084 new Cicor shares for each TT share held. The acquisition is proceeding by way of a scheme of arrangement, and the company will notify shareholders of any changes to the expected timetable.
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BY
CICOR TECHNOLOGIES LTD. ("CICOR")
to be effected by means of a scheme of arrangement
under Part 26 of the Companies Act 2006
ADJOURNMENT OF COURT MEETING AND GENERAL MEETING
Introduction
On 18 November 2025, the boards of Cicor and TT announced that they had reached agreement on the terms of a revised final* offer pursuant to which TT Shareholders will have the ability to receive, for each TT Share held, either 150 pence in cash pursuant to the All Cash Offer, or subject to valid elections being made, 0.0084 New Cicor Shares pursuant to the Share Alternative (subject to the terms of the Share Alternative) (the "Final Offer").
* The financial terms of the Final Offer are final and will not be increased or improved, except that Cicor has reserved the right to increase the amount of the All Cash Offer and/or improve the financial terms of the Share Alternative if there is an announcement of an offer or a possible offer for TT by a third party offeror or potential offeror (in each case other than DBAY Advisors Limited ("DBAY")).
Adjournment of Court Meeting and General Meeting
On 10 December 2025, following the announcement by DBAY on 9 December 2025, TT announced that the TT Directors had concluded that it was in the best interests of the Company and TT Shareholders as a whole to adjourn the Court Meeting and General Meeting which were originally scheduled to take place on 17 December 2025, and that adjourned Meetings would instead take place on 22 December 2025 (the "Adjournment Announcement").
The Court Meeting and General Meeting were duly adjourned earlier today. The Court Meeting will now take place on 22 December 2025 at 10.00 a.m. and the General Meeting will take place on 22 December 2025 at 10.15 a.m. (or as soon thereafter as the Court Meeting concludes or is further adjourned) at the offices of Allen Overy Shearman Sterling LLP, One Bishops Square, London E1 6AD, England.
Notices of the Court Meeting and General Meeting are contained in Part XIV (Notice of Court Meeting) and Part XV (Notice of General Meeting), respectively, of the Scheme Document.
Revised Expected Timetable of Principal Events
The expected timetable for the Acquisition remains as set out in the Adjournment Announcement. If any of the dates and/or times in the expected timetable change, the revised dates and/or times will be notified to TT Shareholders by announcement through a Regulatory Information Service.
Notice to US TT Shareholders
Dealing and opening position disclosure requirements
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.