Update in relation to Adien Ltd

Summary by AI ^BETAClose X

PipeHawk plc has announced that its subsidiary, Adien Ltd, has concluded it was insolvent and will be wound up, with operations having ceased on March 9, 2026. The directors of Adien have appointed BTG Begbies Traynor (Central) LLP to act as liquidators, with formal appointment expected in the coming weeks.

Disclaimer*

PipeHawk PLC

13 March 2026

PipeHawk plc

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

Update in relation to Adien Ltd

Further to the Company's announcement on 9 March 2026, PipeHawk provides the following update in respect of Adien Ltd ("Adien"), a subsidiary of PipeHawk.

The Group was informed today that the board of directors of Adien has concluded that Adien was insolvent and that a general meeting of the shareholders of Adien should be convened for the purposes of passing a special resolution to wind up Adien, with an accompanying decision procedure to creditors of Adien on the nomination of a liquidator. The directors of Adien have elected to instruct BTG Begbies Traynor (Central) LLP ("BTG") for this purpose. The formal appointment of liquidators will take place in the coming weeks. Adien formally ceased trading operations on 9 March 2026.

-Ends-

Enquiries:

PipeHawk plc

Gordon Watt (Chairman)

Tel. No. 01252 338 959

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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