Proposed disposal of Utsi Electronics Limited

Summary by AI ^BETAClose X

PipeHawk PLC has announced an extension of the long-stop date for the proposed disposal of Utsi Electronics Limited to 30 June 2026, primarily to satisfy the National Security and Investment Act 2021 condition. This extension introduces uncertainty regarding the timing of the disposal and the satisfaction of the regulatory condition, with further updates to be provided.

Disclaimer*

PipeHawk PLC

01 May 2026

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

1 May 2026

PipeHawk plc

("PipeHawk", "Company" or the "Group")

Update regarding proposed disposal of Utsi Electronics Limited

PipeHawk (AIM: PIP) announces that, further to its announcement on 2 March 2026 regarding the long-stop date for completion of the proposed disposal of the entire issued share capital of Utsi Electronics Limited (the "Disposal"), the long-stop date has been extended to 30 June 2026 to allow, inter alia, satisfaction of the provisions of the National Security and Investment Act 2021 (the "NSI Act Condition").

Accordingly, there can be no certainty as to the timing of completion of the Disposal nor as to the NSI Act Condition being satisfied.

A further update will be provided in due course.

-Ends-

Enquiries:

PipeHawk plc

Gordon Watt (Chairman)

Tel. No. 01594 826 611

Allenby Capital Limited (Nomad and Broker)

Tel. No. 020 3328 5656

David Hart / Vivek Bhardwaj

For further information on the Company and its subsidiaries, please visit: www.pipehawk.com

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