REG - PipeHawk PLC - Proposed disposal of Utsi Electronics Limited

PipehawkAnnouncement

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RNS Number : 5359F  PipeHawk PLC  26 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.

 

26 May 2026

 

PipeHawk plc

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

 

Update regarding proposed disposal of Utsi Electronics Limited

 

PipeHawk (AIM: PIP) announces that it has received notification from the
Cabinet Office that it will not be taking any further action under the
National Security and Investment Act 2021 (the "NSI Act Condition") in
relation to the proposed disposal of the entire issued share capital of Utsi
Electronics Limited (the "Disposal"). Accordingly, the board of directors of
PipeHawk is pleased to confirm that the NSI Act Condition has now been
satisfied.

 

Completion of the Disposal remains subject to other conditions that are
customary for a transaction of this nature as well as, inter alia, certain
completion deliverables. Accordingly, there can be no certainty that
completion of the Disposal will occur, nor as to the timing of the Disposal.
The long-stop date for completion of the Disposal is 30 June 2026.

 

A further update will be provided in due course.

 

-Ends-

 

Enquiries:

 

 PipeHawk plc                                Tel. No. 01594 826 611

 Gordon Watt (Chairman)

 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 (http://www.pipehawk.com/)

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