Apex Fundrock Limited: Disclosure on TT Electronics PLC

On November 25, 2024, Chelverton Asset Management disclosed its interest in TT Electronics PLC, revealing a position involving 4,189,500 ordinary shares, representing 2.36% of the issued share capital. This disclosure complies with Rule 8.3 of the UK Takeover Code, which mandates transparency for parties holding an interest of 1% or more in relevant securities during takeovers.

Chelverton's activity included the sale of 367,500 shares at a unit price of 1.082500, marking a significant transaction. No cash-settled or stock-settled derivatives were reported, nor any rights to subscribe to new securities. The disclosure confirmed no formal or informal agreements concerning securities trading or voting rights related to options or derivatives.

Notably, Chelverton Asset Management stated no outstanding indemnities or other arrangements which could influence dealings in TT Electronics' securities. This comprehensive disclosure asserts the firm's openness regarding its positions and transactions.