Issue of Share Options

Huddled Group PLC

23 July 2026

 

Huddled Group plc

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

Issue of Share Options

Huddled Group plc (AIM:HUD), the circular economy e-commerce group, announces that the Company is implementing a share option scheme for its directors and all eligible employees.

The Company intends to issue options (the "Options") over a total of 85,500,000 new Ordinary Shares[1] as follows:

Name	Position Held	No. of options over Ordinary Shares granted
Martin Higginson	Executive Chairman	15,000,000
Daniel Wortley	Group Finance Director	7,500,000
Other employees		63,000,000
		85,500,000

The Options will have an exercise price of 0.4 pence per Ordinary Share.

The Options will vest and be capable of exercise on the later of:

·    12 months from the issue date[2]; and

·    The 20^th consecutive business day whereby the volume-weighted average price ("VWAP") of the Company's shares is greater than or equal to 2.5 pence.

It is intended that, to the extent possible subject to HMRC's guidelines, the Options will be granted under the Enterprise Management Incentive (EMI) scheme.

There are 947,333 unexercised options previously issued to former employees which remain in issue. Therefore, following the grant of the Options, the Company will have a total of 86,447,333 options in issue over its Ordinary Shares, representing approximately 10.7% of the Company's issued share capital of 811,305,717 Ordinary Shares.

Related Party Transactions

The award of share options to Martin Higginson and Daniel Wortley (the "Executive Directors") are deemed to be related party transactions under the AIM Rules for Companies. The independent Director of the Company, Nicholas Lee, considers, having consulted with the Company's nominated adviser, that the award of the Options to the Executive Directors is fair and reasonable so far as the shareholders of the Company are concerned.

Enquiries:

For further information please visit www.huddled.com/investors, or contact:

Huddled Group plc Martin Higginson Daniel Wortley	[e-mail]
Zeus (Nominated Adviser and Broker) James Hornigold, George Duxberry Dominic King	Tel + 44 (0) 203 829 5000 (Investment Banking) (Corporate Broking)
Shard Capital LLP Erik Woolgar

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	(a)  Martin Higginson (b)  Daniel Wortley
2	Reason for the notification
a)	Position/status	(a)  Director (b)  Director
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 Identification code	Options over Ordinary Shares ISIN: GB00BD5JRP64
b)	Nature of the transaction	Issue of options
c)	Price(s) and volume(s)	Person  Exercise Price(s) Volume(s) Martin Higginson 0.4p 15,000,000 Daniel Wortley 0.4p 7,500,000
d)	Aggregated information - Aggregated volume - Price	22,500,000 0.4p
e)	Date of the transaction	23 July 2026
f)	Place of the transaction	Outside a trading venue

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

[2] None of these Options are exercisable within the first 12 months from the date of issue except in the case of a change of control of the Company.

 

END