At Court and General Meetings of TT Electronics held on 7 January 2026, the required majority of 75% of votes present and cast for Cicor’s offer was not achieved. The approval of the scheme of arrangement dated 25 November 2025, in accordance with Rule 2.7 of the UK Takeover Code, was the sole item on the agenda. Consequently, the proposed acquisition by way of a scheme of arrangement will not proceed. As a consequence of the termination of the acquisition, CHF 4.4 million of transaction costs that would have been capitalised were recognised as operating expenses, and CHF 2.4 million as financial expenses in the income statement 2025.