Highlights

  • Huddled plans to raise up to GBP 100k via a WRAP retail offer at GBX 1.75 per share.
  • Up to 5,714,285 new shares will be issued under the WRAP retail offer.
  • Retail offer pricing matches the proposed GBP 800k subscription at an 8% discount.

Huddled Group PLC (LSE:HUD) announced a WRAP retail offer aimed at raising up to GBP 100k through the issue of new ordinary shares. The offer is being conducted via the Winterflood Retail Access Platform (WRAP) and forms part of a broader equity fundraising framework disclosed by the company on 6 February 2026.

Under the WRAP retail offer, up to 5,714,285 new ordinary shares will be made available to eligible UK retail shareholders at an issue price of GBX 1.75 per share. Each ordinary share has a nominal value of GBP 0.00040108663.

Link to Proposed Subscription

The retail offer follows the company’s separately announced proposed subscription, which seeks to raise approximately GBP 800k before expenses through the issue of new ordinary shares. The subscription shares are also priced at GBX 1.75 per share.

According to the company, the subscription price represents a discount of approximately 8% to the mid-market closing price on 5 February 2026, the last practicable date prior to the announcement. The WRAP retail offer price is set at the same level as the proposed subscription price.

While the WRAP retail offer and the proposed subscription are separate transactions, completion of the retail offer is conditional on the completion of the proposed subscription. The proposed subscription itself is not conditional on the retail offer.

Use of Proceeds and Admission Timeline

The proceeds raised under the WRAP retail offer will be used toward enhancing the Group’s inventory and working capital across its portfolio of brands, while also supporting additional working capital requirements linked to expansion into new sales channels, including KwikSales and online marketplaces such as Amazon and Temu.

Both the WRAP retail offer and the proposed subscription are subject to the admission of the new ordinary shares to trading on AIM. Admission is expected to become effective, and dealings are anticipated to commence on or around 12 February 2026.

 

 

Retail Participation Framework

The WRAP retail offer is open to existing UK shareholders who are clients of participating financial intermediaries. Eligible investors may include individuals aged 18 or over, companies, trusts, partnerships, and other qualifying entities.

The minimum subscription amount under the WRAP retail offer is GBP 100 per investor. The offer is expected to close at 4:30pm on 9 February 2026, although intermediaries may impose earlier deadlines.

Any shares issued under the retail offer will rank pari passu with existing ordinary shares, including entitlement to dividends and distributions declared after issuance.

 

FAQ

  1. What is the WRAP Retail Offer announced by Huddled Group plc?

The WRAP Retail Offer allows eligible UK retail shareholders to subscribe for new ordinary shares, raising up to GBP 100,000 at a price of 1.75 GBX per share.

  1. How does the WRAP Retail Offer differ from the Proposed Subscription?

The WRAP Retail Offer is separate from the Proposed Subscription, although both are priced at 1.75 GBX per share and are conditional on admission of new shares to trading on AIM.

  1. How will the funds raised be used by the company?

The proceeds will be used to support inventory and working capital across the Group’s brands and to fund expansion into additional sales channels and online marketplaces.