Issue of Share Options, Issue of Shares and TVR
RNS Number : 0731YHuddled Group PLC08 October 2026Huddled Group plc
("Huddled", the "Company" or the "Group")
Issue of Share Options, Issue of Shares and TVR
Huddled Group plc (AIM:HUD), the live commerce group, announces that the Company intends to issue additional share options and that it has issued additional shares to a corporate adviser as part of an arrangement made at the time of the last fundraise.
Issue of share options
The Company intends to issue options (the "Options") over a total of 18,500,000 new Ordinary Shares[1] as follows:
Name
Position Held
No. of options over Ordinary Shares granted
Nicholas Lee
Non-Executive Director
2,500,000
Employees/consultants
16,000,000
18,500,000
The Options will have an exercise price of 0.4 pence per Ordinary Share.
Nicholas Lee’s Options will vest and be capable of exercise in three tranches as follows:
- 833,333 shares with immediate effect;
- 833,333 shares after 12 months from the date of this announcement; and
- 833,334 shares after 24 months from the date of this announcement.
The remainder of the Options will vest and be capable of exercise on the later of:
- 12 months from the issue date[2]; and
- The 20th consecutive day whereby the volume-weighted average price ("VWAP") of the Company's shares is 2.5 pence or greater.
It is intended that, to the extent possible subject to HMRC's guidelines, the Options will be granted under the Enterprise Management Incentive (EMI) scheme.
Related Party Transaction
The award of share options to Nicholas Lee is deemed to be a related party transaction under to the AIM Rules for Companies. The executive directors of the Company, Martin Higginson and Daniel Wortley, having consulted with the Company's nominated adviser, consider that the award of the Options to Nicholas Lee is fair and reasonable so far as the shareholders of the Company are concerned.
Issue of shares
At the time of the last fundraise, the Company agreed with a corporate adviser that certain fees payable by the Company would be settled through the issue of new Ordinary Shares, to be priced at the closing price of the Company’s shares on 30 September 2026, being 0.575 pence each. Application will therefore be made for 3,913,044 new Ordinary Shares to be issued and admitted to trading on AIM ("Admission"). Admission is expected to take place on or around 13 October 2026.
Total voting rights
Following Admission, the total number of Ordinary Shares and voting rights in the Company will be 815,218,761. The Company does not hold any shares in treasury. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Following Admission and the grant of the Options, the Company will have a total of 104,947,333 options in issue over its Ordinary Shares, representing approximately 12.9% of the Company's issued share capital.
Enquiries:
For further information please visit www.huddled.com/investors, or contact:
Huddled Group plc
Martin Higginson
Daniel Wortley
investors@huddled.com
Zeus (Nominated Adviser and Sole Broker)
James Hornigold, George Duxberry
Dominic King
Tel + 44 (0) 203 829 5000
(Investment Banking)
(Corporate Broking)
Shard Capital LLP
Erik Woolgar
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicholas Lee
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
HUDDLED GROUP PLC
b)
LEI
894500TW3TTWSJ7DYP93
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over Ordinary Shares
ISIN: GB00BD5JRP64
b)
Nature of the transaction
Issue of options
c)
Price(s) and volume(s)
Person
Exercise Price(s)
Volume(s)
Nicholas Lee
0.4p
2,500,000
d)
Aggregated information
- Aggregated volume
- Price
2,500,000
0.4p
e)
Date of the transaction
8 October 2026
f)
Place of the transaction
Outside a trading venue
[1] Ordinary shares of 0.040108663 pence each in the Company ("Ordinary Shares")
[2] None of these Options are exercisable within the first 12 months from the date of issue except in the case of a change of control of the Company.
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