Issue of Shares and TVR
Issued 2.1m shares at 2.385p as deferred consideration for Nutricircle acquisition.
- New Ordinary Shares issued 2,096,436
- Issue price per share 2.385 pence
- Deferred consideration satisfied £50,000
- Enlarged Share Capital 323,413,419 Ordinary Shares
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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 Shares1 ("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.
1ordinary shares of 0.040108663 pence each in the Company ("Ordinary Shares")
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.