Eleco plc Shareholders Approve Recommended Cash Acquisition by Avocet Bidco Limited

Eleco plc shareholders approved Avocet Bidco Limited’s recommended all-cash acquisition through a court-sanctioned scheme of arrangement at meetings held on October 27, 2026. At the Court Meeting, 62.35% of eligible shares voted in favor, and shareholders also passed the special resolution at the General Meeting. The deal, announced on September 10, remains subject to court sanction and other customary closing conditions.