Result of General Meeting
Huddled Group plc announced that all resolutions were passed at its General Meeting, including the authority to issue the remaining 5,328,572 Ordinary Shares, with admission expected on March 12, 2026. Following admission, the total number of Ordinary Shares and voting rights will be 434,055,717. Director Martin Higginson will hold 14.64% of the shares, and the Concert Party's holding will remain at 46.40%. Additionally, M Capital Investment Partners Limited, wholly owned by Martin Higginson, subscribed for 984,990 ordinary shares at 1.75p each on March 11, 2026.
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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:
| Resolution | For | % | Against | % | Withheld |
|---|---|---|---|---|---|
| 1 (ordinary) | 197,541,380 | 99.7% | 515,135 | 0.3% | 961 |
| 2 (ordinary) | 197,541,380 | 99.7% | 515,135 | 0.3% | 961 |
| 3 (special) | 197,541,380 | 99.7% | 515,135 | 0.3% | 961 |
| 4 (special) | 197,490,380 | 99.7% | 536,135 | 0.3% | 30,961 |
At the GM, inter alia, a resolution was passed which granted the authorities to issue the remaining 5,328,572 Ordinary Shares1 (the "New Ordinary Shares") pursuant to the subscription announced on 10 February 2026.
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 March 2026. 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 14.64% 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 holding will remain unchanged at 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 434,055,717. 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.
1ordinary shares of 0.040108663 pence each in the Company ("Ordinary Shares")
| a. | Name | Huddled Group plc |
| b. | LEI | 894500TW3TTWSJ7DYP93 |
| a. | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.040108663 pence 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 984,990 |
| d. | Aggregated information Aggregated volume Price | N/A |
| f. | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.