REG - Huddled Group PLC - Board Appointments

HuddledAnnouncement

17/03/2025 07:15

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RNS Number : 7773A  Huddled Group PLC  17 March 2025

Huddled Group plc

 

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

 

Board Appointments

 

 

Huddled Group plc (AIM:HUD), the circular economy e-commerce group, is
delighted to announce that it has strengthened its Board with two new
appointments.

 

Paul Simpson, Chief Operating Officer

 

Paul Simpson, co-founder of Nutricircle, has been appointed as Chief Operating
Officer, where he will oversee the entirety of the Group's operations.

 

Named in the 2021 Forbes 30 Under 30 Europe List, Paul has focused his career
on creating pioneering solutions to manage surplus food waste in the retail
sector, founding surplus goods retailer, Food Circle Supermarket in 2017. Food
Circle Supermarket grew from a standing start to annual revenue of £1.4m,
when it was acquired by Huddled in 2024 and rebranded Nutricircle.

 

James Barthorpe, who co-founded Nutricircle with Paul, will continue to manage
the division as Managing Director.

 

Mike Ashley, Independent Non-Executive Director

 

Mike Ashley joins the Board as Independent Non-Executive Director.

 

Mike is an accomplished leader with extensive experience in consumer-centric,
high-growth businesses. He has held key leadership roles, through CEO,
commercial, marketing and strategy, across renowned companies, including
Boots, Argos, Dixons Retail Group, Travis Perkins, Holland & Barrett, and
Magnet Kitchens. Most recently, Mike served as the Commercial Director of
Nobia UK, which includes Magnet Kitchens. Prior to this, he held the role of
Chief Commercial Officer at Holland & Barrett. Mike has completed retail
MBA modules at Manchester Business School.

 

Mike's extensive cross-sector retail experience and his proven track record in
scaling operations and optimising commercial performance will be a valuable
addition to Huddled's Board.

 

Mike also serves on the board of AIM-quoted Midwich Group plc as non-executive
director.

 

Martin Higginson, Huddled Group plc CEO said: "Paul and Mike's appointments
are testament to the strength of our business and the growth opportunity we
have ahead of us.

 

We have been very impressed with Paul since we welcomed him to the Group
through the acquisition of Nutricircle and his appointment as Chief Operating
Officer recognises his exceptional contribution since joining. His expanded
role will help us drive operational performance across the entire Group.

 

Mike's appointment brings fresh strategic insight from his impressive retail
career and we look forward to benefiting from his expertise in retail
strategy, marketing, and commercial leadership.

 

Alongside the executive team, Paul and Mike will work with us to drive the
next phase of sustainable growth, strengthen our operational excellence and
deliver for our shareholders."

 

Paul Simpson said: "Co-founding Nutricircle and growing it into what it is
today has been an incredible journey. Seeing it become part of Huddled Group
was a huge milestone and now joining the Board is another exciting step.

 

"I am passionate about tackling surplus food waste, and can't wait to work
more closely across all three brands to keep pushing things forward, driving
efficiency and growth with our extremely talented team."

 

Mike Ashley said: "I am delighted to be joining the Huddled Group at this
exciting stage of its development. I'm very much looking forward to working
with Martin and the team to deliver their ambitious plans."

 

 

 

Enquiries:

For further information please visit www.huddled.com/investors, or contact:

 

 Huddled Group plc                                    investors@huddled.com

 Martin Higginson

 Daniel Wortley

 Zeus (Nominated Adviser and Sole Broker)             Tel + 44 (0) 203 829 5000

 Nick Cowles, James Hornigold, Alex Campbell-Harris   (Investment Banking)

 Dominic King                                         (Corporate Broking)

 Alma Strategic Communications (Financial PR)         huddled@almastrategic.com

 Rebecca Sanders-Hewett

 Sam Modlin

 

The following details in relation to the appointment of Paul Andrew King
Simpson, aged 33, in accordance with AIM Rule 17 and paragraph (g) of Schedule
Two of the AIM Rules for Companies:

 

Current directorships
 Past directorships (last five years)

None
               Nutricircle Limited

 
                      Paul Simpson Speaking & Advisory Ltd

 

Paul Simpson currently holds 1,048,218 ordinary shares in the Company
representing 0.33% of the Company's issued share capital. Paul is due to be
issued a further 1,048,218 ordinary shares in the Company on 11 April 2025 as
deferred consideration of the Nutricircle acquisition.

 

 

The following details in relation to the appointment of Michael Ashley, aged
57, in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the
AIM Rules for Companies:

 

Current directorships
 Past directorships (last five years)

Midwich Group plc
Coverings Ltd

 
                       TG Realisations 2023 Ltd

 
                       Carma Solutions Ltd

 

Mike Ashley was a director of TG Realisations 2023 Ltd (formerly Tile Giant
Ltd) from 13 April 2021 to 11 January 2023, which entered into administration
on 23 February 2023.

 

Mike Ashley does not currently hold any ordinary shares in the Company.

 

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