REG - Intuitive Invests.Gp - £30 million equity investment agreement

Intuitive InvestmentsAnnouncement

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RNS Number : 4745L  Intuitive Investments Group plc  15 December 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. The person
responsible for arranging for the release of this announcement on behalf of
the Company is Giles Willits.

 

15 December 2025

 

Intuitive Investments Group plc

 

("IIG" or the "Company")

 

£30 MILLION EQUITY INVESTMENT AGREEMENT TO FUND HUI10 PAPERLESS LOTTERY PLAY
 

 

IIG plc is pleased to announce that it has entered into an investment
agreement with Helikon Investments, a UK Investment Manager, to provide up to
£30 million in equity funding to finance Hui10 Inc's ("Hui10") Paperless
Lottery Play roll-out.

 

Under the terms of the agreement, the equity funding will be drawn down in
three tranches, each of which is subject to Hui10 achieving strategic
milestones as follows;

 

 ●    Milestone 1 - £5 million equity investment on the announcement of the signed
      contract with China Financial Certification Authority ("CFCA") representing go
      forward to paperless lottery pilot.
 ●    Milestone 2 - £7.5 million equity investment on the announcement of Ministry
      of Finance instruction to launch paperless lottery pilot.
 ●    Milestone 3 - £17.5 million equity investment on the announcement of Ministry
      of Finance instruction to launch paperless lottery nationwide.

 

This agreement will provide Hui10 with financial resources to cement its
position as the central technology partner in China's nationwide transition to
digital lottery with China UnionPay and CFCA,  by enabling Hui10 to:

 

 ●    Deploy its "paperless lottery" UnionPay certified POS terminal infrastructure
      across China's 200,000+ lottery-only shops in compliance with Ministry of
      Finance policy;
 ●    Accelerate commercial partnerships through its omnichannel Lucky World TEAM
      CHINA and Lottery HongBao platforms; and
 ●    Expand its technology footprint via UnionPay's national POS terminal network
      and CFCA's certified digital authentication infrastructure.

 

Under the agreement, the subscription price for Tranches 1 and 2 is the lower
of: a 15% discount to the 30-day volume weighted average share price (VWAP)
preceding announcement of the relevant milestone, or a pre-money fully diluted
valuation of £200 million. Tranche 3 is the lower of: a 15% discount to the
30-day VWAP preceding announcement of milestone 3, or a pre-money fully
diluted valuation of £400 million. Each tranche is determined on a Fully
Diluted Basis, which includes all shares in issue and vested shares under
existing warrant and incentive schemes as of the date of each relevant
tranche. The agreement is subject to a long stop date of 31 August 2027.

 

Sir Nigel Rudd, Chairman of IIG plc, commented on the announcement:

 

"The combination of major institutional investment from Helikon, and
state-endorsed partnerships such as the China Financial Certification
Authority confirms Hui10's unique strategic position at the heart of China's
lottery transformation and sports development. This funding gives Hui10 the
financial resources to deliver at national scale, with both commercial reach
and regulatory credibility. It is a major milestone for IIG and a validation
of our strategy to invest in platforms with long-term growth potential."

 

 

Enquiries:

 Intuitive Investments Group plc                    www.iigplc.com (http://www.iigplc.com/)

 Sir Nigel Rudd, Non-Executive Chairman             Via FTI Consulting

 Giles Willits, CEO

 Zeus                                               +44 (0)20 3829 5000

 James Hornigold / Dominic King

 FTI Consulting                                     +44 (0)20 3727 1000

 Jamie Ricketts / Valerija Cymbal / Jemima Gurney   IIG@fticonsulting.com

 

 

 

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a
portfolio concentrating on fast growing and / or high potential businesses
operating predominantly in the UK, continental Europe, the US and APAC.

 

About Hui10 Inc.

Hui10 is a technology company involved in the digital transformation of the
Chinese lottery. It's platform unlocks the market expansion of the Chinese
lottery through increasing the number of people playing lottery from the
current 10% participation level to target more than 30%. Hui10's platform is
integrated into China's national interbank card settlement system and payment
platform, UnionPay. Lucky World is an omnichannel commerce platform which
provides China's existing 200,000 lottery only shops access to a wider
fastmoving consumer goods product offering through its growing number of
commercial partnerships with leading Chinese suppliers. Lucky World provides a
solution for brands to tackle the global counterfeit crisis using its
integrated Lottery HongBao digital solution with incentives, helping to build
brand loyalty and trust.

 

About Helikon Investments Limited

Helikon Investments Limited is a UK headquatered Investment Manager, with
offices in London and Milan, investing with a concentrated and value-driven
approach in Europe and in selected emerging markets.

 

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