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LONDON - Huddled Group plc (AIM:HUD), an e-commerce company focused on the circular economy, has disclosed transactions of its ordinary shares by persons discharging managerial responsibilities (PDMRs) and persons closely associated (PCAs). The company revealed that on Tuesday, several PDMRs received deferred consideration shares related to the acquisition of Huddled Holdings Limited.
Group CEO Martin Higginson received 1,194,986 shares, while Group Brand Director Samuel Higginson was allotted 281,836 shares. Additionally, M Capital Investment Properties Ltd, a PCA of Martin Higginson, acquired a substantial 2,493,687 shares. The transactions occurred at a price of 2.64 pence per ordinary share, the rate set at the time of the acquisition.
Following these dealings, M Capital Investment Properties Ltd further purchased shares directly from Martin and Samuel Higginson at the same price per share, resulting in a consolidated shareholding for Martin Higginson (including PCAs) of 55,694,980 shares, representing 16.16% of the issued share capital. Group Finance Director Daniel Wortley also received 429,800 shares, bringing his total holding to 1.65% of the issued share capital.
The transactions were conducted off-market and are part of the company’s ongoing financial arrangements following its acquisition strategy. The share distribution is in line with the terms set out during the initial acquisition of Huddled Holdings Limited.
The company, which operates in the online retail space promoting sustainability through the circular economy, has seen its share structure evolve as it integrates new acquisitions and rewards management. Investors and market watchers often scrutinize such PDMR transactions for insights into executive confidence and company health.
Huddled Group has directed interested parties seeking further information to its investor relations website. The company’s ordinary shares are identified by the ISIN code GB00BD5JRP64. This announcement is based on a press release statement and is intended to provide shareholders and the public with transparent information regarding the dealings of the company’s insiders.
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