Further Adjournment of Court & General Meetings
TT Electronics PLC has announced a further adjournment of its Court Meeting and General Meeting, now scheduled for January 7, 2026, to allow more time for shareholder engagement regarding Cicor Technologies Ltd.'s recommended cash and share acquisition. The acquisition terms remain a revised final offer where TT Shareholders can receive either 150 pence in cash per TT Share or 0.0084 New Cicor Shares per TT Share, subject to elections and terms. Cicor has reserved the right to increase the cash offer or improve the share alternative if a competing offer emerges from a third party other than DBAY Advisors Limited.
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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
FURTHER ADJOURNMENT OF COURT MEETING AND GENERAL MEETING
On 19 December 2025, TT announced that the TT Directors proposed to adjourn the Court Meeting and General Meeting which were scheduled to take place on 22 December 2025 in order to allow further time for engagement with TT Shareholders (the "Further Adjournment Announcement"). The Court Meeting and General Meeting were duly adjourned earlier today.
The Court Meeting will now take place on 7 January 2026 at 11.30 a.m. and the General Meeting will take place on 7 January 2026 at 11.45 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.
The expected timetable for the Acquisition remains as set out in the Further 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.
Background
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).
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.