Business
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. Disclaimer*
About this update from Tt Electronics Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE \n17 December 2025\nRECOMMENDED FINAL* OFFER\nFOR\nTT ELECTRONICS PLC (\"TT\")\nBY\nCICOR TECHNOLOGIES LTD. (\"CICOR\")\nto be effected by means of a scheme of arrangement\nunder Part 26 of the Companies Act 2006\nADJOURNMENT OF COURT MEETING AND GENERAL MEETING\nIntroduction\nOn 30 October 2025, the boards of directors of TT and Cicor announced that they had reached agreement on the terms and conditions of a recommended cash and share acquisition pursuant to which Cicor would acquire the entire issued, and to be issued, ordinary share capital of TT (the \"Acquisition\").\nOn 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\").\nIt is intended that the Acquisition will be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). TT published the circular relating to the Scheme on 25 November 2025 (the \"Scheme Document\"). Capitalised terms used but not defined in this announcement have the meanings given to them in the Scheme Document, unless the context requires otherwise. All references to time in this announcement are to London time, unless otherwise stated.\n* 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\")).\nAdjournment of Court Meeting and General Meeting\nOn 10 December 2025, following the announcement by DBAY on 9 December 2025, TT announced that the TT Directors had concluded that it ...