REG - Huddled Group PLC - Issue of Shares and Total Voting Rights

HuddledAnnouncement

23/05/2025 07:00

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RNS Number : 8822J  Huddled Group PLC  23 May 2025

Huddled Group plc

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

Issue of Shares and Total Voting Rights

 

Huddled Group plc (AIM:HUD), the circular economy e-commerce group, announces
the issue of deferred consideration shares relating to the acquisitions of
Huddled Holdings Limited (formerly Huddled Group Limited) and Boop Beauty
Limited.

Issue of shares

As announced on 28 September 2023, part of the share consideration for the
acquisition of Huddled Holdings Limited was deferred.  This consideration is
now due and so the Company has now issued and allotted 18,023,990 Ordinary
Shares¹ ("Huddled Consideration Shares"), in satisfaction of this deferred
share consideration. The Huddled Consideration Shares were issued at 2.64
pence per Ordinary Share, the price determined at the time of acquisition of
Huddled Holdings Limited.

Additionally, and further to the announcement on 30 December 2024, the Company
has issued and allotted, a total of 3,248,863 Ordinary Shares(1) ("Boop
Consideration Shares") in satisfaction of the consideration for the
acquisition of the minority shareholding in Boop Beauty Limited, increasing
the Company's ownership of this business to 100%. The Boop Consideration
Shares were issued at a price of 3.078 pence per Ordinary Share, priced at the
time of the acquisition.

Application has been made for the Huddled Consideration Shares and the Boop
Consideration Shares to be admitted to trading on AIM ("Admission"). Admission
is expected to take place on or around 27 May 2025.  Upon Admission, the
Huddled Consideration Shares and the Boop Consideration Shares will rank pari
passu in all respects with the existing ordinary shares.

Following Admission, Martin Higginson and Daniel Wortley, both directors of
the Company, will hold the following number of Ordinary Shares in the Company:

 Name                 Shares Held  %
 Martin Higginson(*)  55,694,980   16.16%
 Daniel Wortley       5,695,673    1.65%

 

(*)Including indirect holdings

 

Total voting rights

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 344,686,272 (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.

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

Enquiries:

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

 

 Huddled Group plc                                    investors@huddled.com

 Martin Higginson

 Daniel Wortley

 Paul Simpson

 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

 

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