REG - Huddled Group PLC - Directorate Change, Issue of Shares and TVR

HuddledAnnouncement

28/10/2024 07:00

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RNS Number : 7483J  Huddled Group PLC  28 October 2024

28 October 2024

Huddled Group plc

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

Directorate Change, Issue of Shares and Total Voting Rights

Huddled Group plc (AIM: HUD), the circular economy e-commerce business, today
announces that David Marks is stepping down from the Board and his role as
Group Managing Director with immediate effect.  Following the divestment of
the Immotion business and the successful reshaping of the Group, David wishes
to pursue a portfolio career and focus on developing his other interests.

David has been instrumental in the development of the Group, co-founding it
with Martin Higginson in 2017 and the Board would like to place on record its
sincere thanks to him for all he has done and we wish him well in his future
endeavours.

Issue of shares and total voting rights

The Company also announces the issue of 915,404 Ordinary Shares(1) to Lanton
Investments Limited, a company jointly-owned by David Marks and his spouse,
Jacqueline Marks, pursuant to the deferred consideration terms of the
acquisition of Huddled Group Limited announced on 28 September 2023 (the "New
Ordinary Shares"). An application has been made to the London Stock Exchange
for admission of the New Ordinary Shares. It is expected that admission will
become effective on 29 October 2024.

Following admission, the total number of ordinary shares and voting rights in
the Company will be 321,316,983 (the "Enlarged Share Capital"). 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.

Martin Higginson, CEO of Huddled Group, commented:

"David has been my trusted colleague and business partner over many years and
through a number of ventures. Most recently we co-founded, developed and
subsequently sold the Immotion business and he has played an important role in
the development of the current Huddled portfolio of companies.  Whilst I'm
sad to see him go, he leaves with my sincere thanks and best wishes for the
future and I'm confident we can call on his advice if needed."

 

 1  ordinary shares of 0.040108663 pence each in the Company ("Ordinary
Shares")

Contacts:

 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

 Kieran Breheny

 

 

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