REG - Huddled Group PLC - Result of GM and TVR

HuddledAnnouncement

08/08/2025 10:45

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RNS Number : 6192U  Huddled Group PLC  08 August 2025

 

08 August 2025

 

Huddled Group plc

 

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

 

Result of General Meeting and Total Voting Rights

 

Huddled Group plc (AIM: HUD), the circular economy e-commerce group, is
pleased to confirm that at its General Meeting ("GM") held earlier today, all
resolutions were duly passed.

 

The total number of proxy votes received on each resolution were as follows:

 

 Resolutions  For          %      Against     %      Withheld
 1            164,989,415  88.88  20,644,176  11.12  12,397
 2            164,989,415  88.88  20,644,176  11.12  12,397
 3*           146,026,500  87.27  21,309,798  12.73  18,309,690
 4*           146,026,500  87.27  21,309,798  12.73  18,309,690

 

*Special resolution

 

A "Vote withheld" is not a vote in law and is not counted in the calculation
of the percentage of shares voted "For" or "Against" any resolution.

 

At the GM, inter alia, a resolution was passed which granted the authorities
to issue the remaining 12,406,375 Ordinary Shares(1) (the "New Ordinary
Shares") pursuant to the subscription announced on 4 July 2025.

 

Admission and Total Voting Rights

 

Application has been made for the New Ordinary Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to take place on or around
12 August 2025.  Upon Admission, the New Ordinary Shares will rank pari passu
in all respects with the existing Ordinary Shares.

 

Following Admission and inclusive of indirect holdings, Martin Higginson, a
director of the Company, will hold 14.22% of the Ordinary Shares in the
Company.

 

Certain of the Company's shareholders are deemed to be acting in concert in
accordance with The Takeover Code ("the Concert Party"). Following Admission,
the Concert Party will own 46.40% of the Ordinary Shares in the Company.

 

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 391,561,272 (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

 Michael Ashley

 Daniel Wortley

 Paul Simpson

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

 James Hornigold, Nick Cowles, George Duxberry   (Investment Banking)

 Dominic King                                    (Corporate Broking)

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

 Rebecca Sanders-Hewett

 Sam Modlin

 

 

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