REG - Huddled Group PLC - Subscription, Retail Offer & Debt Facility

HuddledAnnouncement

10/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260210:nRSJ3258Sa&default-theme=true

RNS Number : 3258S  Huddled Group PLC  10 February 2026

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation (2014/596) which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time.

 

10 February 2026

 

Huddled Group plc

 

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

 

Share Subscription, Result of Retail Offer, & Debt Facility

 

Huddled Group plc (AIM:HUD), the circular economy e-commerce group is pleased
to announce that, further to the announcement on 6 February 2026 'Proposed
Share Subscription, Debt Facility and Related Party Transaction' (RNS No.
9684R), the Company has raised £705,000 via direct subscription in the
Company through the issuance of 40,285,715 new Ordinary Shares(1) at 1.75
pence per Ordinary Share (the "Issue Price") (together, the "Subscription
Shares"). In addition to this, further to the announcement on 6 February 2026
in relation to the WRAP Retail Offer (RNS No. 0414S), the Retail Offer
successfully completed and closed at 4:30 p.m. on 9 February 2026 and has
raised £38,653 through the issue of 2,208,730 new Ordinary Shares(1) at the
Issue Price (the "Retail Offer Shares"). As part of the Subscription, the
Company is pleased to announce that Martin Higginson, Executive Chairman,
subscribed for £137,500 representing 7,857,143 Subscription Shares

 

The total gross funds raised via the Subscription and Retail Offer is
approximately £740,000 and these funds will be used will be used to further
strengthen the Group's stock and working capital position across its various
brands, as well as provide additional working capital to fund the expansion
into new channels such as KwikSales and marketplaces such as Amazon and Temu.

 

In addition to the Retail Offer and Subscription, the Company is in the
process of drawing down £525,000 from the debt facility announced on 6
February 2026 (RNS No. 9684R) (the "Debt Facility"). These funds will be used
for the same purpose as the Subscription and Retail Offer.

 

 

Related Party Transactions

Martin Higginson's participation in the Subscription, as director of the
Company, constitutes a related party transaction under the AIM Rules.

The directors of the Company (excluding Martin Higginson), having consulted
with Zeus Capital Limited, the Company's nominated adviser, consider that his
participation in the Subscription is fair and reasonable insofar as the
Company's shareholders are concerned.

 

Admission and Total Voting Rights

The Subscription and Retail Offer will be effected in two tranches. The first
tranche of 37,165,873 new Ordinary Shares comprising of 34,957,143
Subscription Shares and all of the Retail Offer Shares (together the "Firm
Shares") will utilise the Company's existing shareholder authorities granted
to the directors at the Company's General Meeting held on 8 August 2025 to
issue the Firm Shares on a non-pre-emptive basis for cash.

The second tranche of new Ordinary Shares comprises 5,328,572 Subscription
Shares only (the "Conditional Shares") and will be conditional (amongst other
things) on the passing of a resolution to be proposed at a General Meeting of
the Company which will renew the Company's authority to disapply statutory
pre-emption rights and issue shares on a non-pre-emptive basis for cash.
Further details of the General Meeting will be announced in due course.

Application has been made for the Firm Shares to be admitted to trading on AIM
("Admission"). Admission is expected to take place on or around 12 February
2026.  Upon Admission, the Firm Shares will rank pari passu in all respects
with the existing ordinary shares.

 

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 428,727,145. 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.

Following Admission of the Firm Shares, and inclusive of indirect holdings,
Martin Higginson, a director of the Company, will hold 14.59% 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
of the Firm Shares, the Concert Party holding will remain unchanged at 46.40%
of the Ordinary Shares in the Company.

( )

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

 

 

 Huddled Group plc                                       investors@huddled.com

 Martin Higginson

 Michael Ashley

 Daniel Wortley

 Paul Simpson

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

 James Hornigold, George Duxberry (Investment Banking)

 Dominic King (Corporate Broking)

 Shard Capital LLP (Joint Broker)

 Erik Woolgar

 Damon Heath

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

 Rebecca Sanders-Hewett

 Sam Modlin

 

 1.      Details of the person discharging managerial responsibilities / person closely
         associated
 a.      Name                                                          M Capital Investment Properties Limited
 2.      Reason for the notification
 a.      Position/status                                               A company wholly-owned by Martin Higginson, a Director of the Company
 b.      Initial notification /Amendment                               Initial notification
 3.      Details of the issuer, emission allowance market participant, auction
         platform, auctioneer or auction monitor
 a.      Name                                                          Huddled Group plc
 b.      LEI                                                           894500TW3TTWSJ7DYP93
 4.      Details of the transaction(s): section to be repeated for (i) each type of
         instrument; (ii) each type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted
 a.      Description of the financial instrument, type of instrument   Ordinary Shares of 0.040108663 pence

         Identification code                                           Identification code (ISIN) for Huddled Group plc ordinary
                                                                       shares: GB00BD5JRP64
 b.      Nature of the transaction                                     Subscription of ordinary shares
 c.      Price(s) and volume(s)                                        Price(p)  Shares
                                                                       1.75p     6,872,153 (Firm Shares)
 d.      Aggregated information

         Aggregated volume                                             N/A

         Price
 e.      Date of the transaction                                       9 February 2026
 f.      Place of the transaction                                      London Stock Exchange

d.

Aggregated information

Aggregated volume

Price

 

N/A

e.

Date of the transaction

9 February 2026

f.

Place of the transaction

London Stock Exchange

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEEAFANESXKEAA



            Copyright 2019 Regulatory News Service, all rights reserved