Result of Oversubscribed Retail Offer & Fundraise

Summary by AI ^BETAClose X

Huddled Group plc announced the successful completion of its subscription and oversubscribed retail offer, raising a total of £1.51 million before fees. The retail offer, initially intended to raise £100,000, was upscaled to £200,000 due to strong demand, with the overall subscription comprising £345,000 from previously issued shares, £964,000 from subscriptions, and £200,000 from the retail book offer, all at a price of 0.4 pence per share. Shareholder approval will be sought at a general meeting for the issuance of 290,971,715 new shares.

Disclaimer*

Huddled Group PLC

02 July 2026

2 July 2026

Huddled Group plc

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

Result of Oversubscribed Retail Offer and completion of Subscription

Huddled (AIM: HUD), the circular economy e-commerce group, is pleased to announce that the Retail Offer, as announced on 30 June 2026 (the "Retail Launch Announcement"), has now closed. The Retail Offer, which was intended to raise £100,000, was almost three-times oversubscribed. The directors have therefore decided to upscale the Retail Offer by 100% to £200,000.

The Company is pleased to announce that following overwhelming support from both its Institutional Investors alongside its private shareholder base via the RetailBook Offer, the Company has successfully completed and closed the book at £1.51m gross of fees. This comprises £345,000 from the Firm Shares and AGM Conditional Shares already issued and admitted to trading, £964,000 via subscriptions and £200,000 via the RetailBook Offer at a price of 0.4 pence per share.

The directors would like to thank both their institutional and private client shareholder base for their continued support.

The Company will convene a General Meeting to seek shareholder approval for the issuance of the 240,971,715 Subscription Shares and 50,000,000 RetailBook Offer shares, totalling 290,971,715 shares (together, the "GM Conditional Shares"). Further details will be announced in due course.

The Company requires additional share authorities to allot the GM Conditional Shares. Accordingly, the Retail Offer is conditional, inter alia, upon the approval of the shareholders of the Company at a general meeting of the Company, and the Retail Offer Shares to be issued pursuant to the Retail Offer being admitted to trading on the AIM market operated by the London Stock Exchange ("Admission"). Completion of the Retail Offer is conditional, inter alia, upon the completion of the Subscription.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Retail Launch Announcement unless the context requires otherwise.

Enquiries

Huddled Group plc

Martin Higginson

Dan Wortley

investors@huddled.com

RetailBook Limited

Mike Ward / James Deal

capitalmarkets@retailbook.com

Zeus, Nominated Adviser

James Hornigold, George Duxberry

Dominic King

Tel + 44 (0) 203 829 5000

(Investment Banking)

(Corporate Broking)

Alma Strategic Communications, PR adviser

Rebecca Sanders-Hewett

Sam Modlin

Further information on the Company can be found on its website at https://huddled.com/

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