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HUMM GROUP LIMITED — M&A Activity 2025
Jul 14, 2025
65078_rns_2025-07-14_9d931cfa-7772-465f-b93d-d8ae1700d2a4.pdf
M&A Activity
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15 July 2025
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Update in relation to The Abercrombie Group's non-binding indicative proposal
humm group limited (ASX:HUM) (" humm group") refers to its announcement on 25 June 2025 in relation to the non-binding indicative proposal from The Abercrombie Group Pty Ltd (“ TAG ”) to acquire humm group for $0.58 cash per share (“ Indicative Proposal ”).
As previously announced, in order to determine whether TAG is able to formulate an offer that could be in the best interests of humm group shareholders, the Independent Board Committee (“ IBC ”) has agreed to provide to TAG a limited period of access to certain non-public information on a non-exclusive basis.
TAG has entered into a confidentiality agreement with humm group and due diligence will commence this week.
The provision of limited due diligence does not guarantee that the Indicative Proposal will result in a binding offer or one that is capable of being recommended by the IBC.
humm group shareholders do not need to take any action. humm group will continue to keep the market informed in accordance with its continuous disclosure obligations.
humm group has engaged Flagstaff Partners as its financial adviser and K&L Gates as its legal adviser.
This announcement was approved for release by the IBC.
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Media Contact
Rebecca Emery – Head of Communications +64 275 580 946 [email protected]
ABOUT HUMM GROUP
humm Group Limited ACN 122 574 583 (ASX: HUM) (“Company”, and with its other group and consolidated entities “ humm group” or “Group”) is a diversified financial services company that provides instalment plans which enable businesses and consumers to make large purchases. humm group operates in Australia, New Zealand, Ireland, Canada, and the United Kingdom. Its principal activities include the provision of Commercial Lending in Australia and New Zealand; Point of Sale Payment Plans;
humm Group Limited ACN 122 574 583 Level 1, 121 Harrington St, The Rocks NSW 2000 Tel. +61-2-8905-2000
Australia Cards ( humm ®90, Lombard and Once); and New Zealand Cards (including Farmers Finance Card, Farmers Mastercard®, Q Card, Q Mastercard® and Flight Centre Mastercard®).
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