REG - Huddled Group PLC - Issue of Shares and TVR

HuddledAnnouncement

17/04/2025 07:00

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RNS Number : 3542F  Huddled Group PLC  17 April 2025

Huddled Group plc

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

Issue of Shares and TVR

 

Huddled Group plc (AIM:HUD), the circular economy e-commerce group, announces
the issue of deferred consideration shares relating to the acquisition of
Nutricircle Limited.

Issue of shares

Further to the announcement on 12 April 2024, the Company has issued and
 allotted, conditional to admission to trading on AIM ("Admission"), a total
of 2,096,436 Ordinary Shares(1) ("New Ordinary Shares") in the Company at a
price of 2.385 pence, set at the time of the acquisition, in satisfaction of
the £50,000 deferred share consideration for Nutricircle Limited (formerly
Food Circle Supermarket Limited).

Application has been made for the New Ordinary Shares to be admitted to
trading on AIM, with Admission expected to take place on or around 22 April
2025.  Upon Admission, the New Ordinary Shares will rank pari passu in all
respects with the existing ordinary shares.

Following Admission, Paul Simpson, a director of the Company, will hold a
total of 2,096,436 Ordinary Shares in the Company, representing 0.65% of the
Enlarged Share Capital.

Total voting rights

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 323,413,419 ("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

 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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