REG - Cicor Technologies TT Electronics PLC - Form 8 (DD) - Cicor Technologies Ltd

TT electronicsAnnouncement

05/11/2025 07:00

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RNS Number : 1966G  Cicor Technologies Ltd  04 November 2025

FORM 8 (DD)

 

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT
(INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                     Marco Kechele
 (b) Owner or controller of interests and short positions disclosed, if          Marco Kechele
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  Cicor Technologies Ltd.
 relates:

      Use a separate form for each offeror/offeree
 (d) Status of person making the disclosure:                                     Person acting in concert with Cicor Technologies Ltd. (the offeror)

      e.g. offeror, offeree, person acting in concert with the
 offeror/offeree (specify name of offeror/offeree)
 (e) Date dealing undertaken:                                                    3 November 2025
 (f)  In addition to the company in 1(c) above, is the discloser making          No
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing

 

 Class of relevant security:                                          Ordinary (CHF 10.00)

                                                                      Interests       Short positions

                                                                      Number  %       Number    %
 (1) Relevant securities owned and/or controlled:                     2,303   0.05    -         -
 (2) Cash-settled derivatives:                                        -       -       -         -

 (3) Stock-settled derivatives (including options) and agreements to  -       -       -         -
 purchase/sell:
                                                                      2,303   0.05    -         -

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options)

 

 Class of relevant security in relation to which subscription right exists:   Ordinary (CHF 10.00)
 Details, including nature of the rights concerned and relevant percentages:

Scheme under which granted  Date of grant     Price at grant (exercise price)  Number of ordinary shares in respect of which awards granted  Vesting date      Expiry date
                                                                              PSOP 2023-2025              1 January 2023    CHF 42.90                        3,372                                                         31 December 2025  31 December 2029
                                                                              PSOP 2024-2026              1 January 2024    CHF 49.80                        10,059                                                        31 December 2026  31 December 2030
                                                                              PSOP 2025-2027              1 January 2025    CHF 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

 

 

 

 

3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

(i)         Party to an offer or person acting in concert (except for
a principal trader in the same group as a connected adviser)

 

 Class of relevant security  Purchase/sale  Number of securities  Price per unit

 -                           -              -                     -

 

(ii)        Principal trader where the sole reason for the connection
is that the principal trader is in the same group as a connected adviser

 

 Class of relevant security  Purchases/ sales  Total number of securities  Highest price per unit paid/received  Lowest price per unit paid/received

 -                           -                 -                           -                                     -

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 -                           -                    -                                                                              -                               -

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.
 -                           -                                     -                                           -                                             -                        -                              -            -

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option
 -                           -                    -                              -                     -

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing                                                 Details                                                                     Price per unit (if applicable)

                             e.g. subscription, conversion
 Ordinary (CHF 10.00)        Exercise of options under employee share scheme (PSOP 2022-2024)  Exercise of 807 options on a cashless basis with resulting transfer of 614  CHF 52.80
                                                                                               ordinary shares from treasury to discloser 1  (#_ftn1) and surrender of
                                                                                               remaining shares which continue to be held by Cicor Technologies Ltd. in
                                                                                               treasury

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

 Details of any indemnity or option arrangement, or any agreement or
 understanding, formal or informal, relating to relevant securities which may
 be an inducement to deal or refrain from dealing entered into by the party to
 the offer or person acting in concert making the disclosure and any other
 person:

 Irrevocable commitments and letters of intent should not be included.  If
 there are no such agreements, arrangements or understandings, state "none"

 None

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the party to the offer or person acting in concert making the
 disclosure 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:

 If there are no such agreements, arrangements or understandings, state "none"

 None

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

 Supplemental Form 8 (Open Positions)  NO
 Supplemental Form 8 (SBL)             NO

 

 

 Date of disclosure:  4 November 2025
 Contact name:        Lukas Nänni
 Telephone number:    +41 71 913 73 00

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 1  The exercise of options is effective as of 3 November 2025 but the
resulting transfer of ordinary shares has not yet taken place on the basis
that there is a gap from time of instruction to completion of the transfer
with the banks.

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