Business
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. 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 \n22 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\nFURTHER ADJOURNMENT OF COURT MEETING AND GENERAL MEETING\nOn 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.\nThe 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.\nThe 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.\nBackground\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 Alternativ...