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HUMM GROUP LIMITED — M&A Activity 2026
Mar 1, 2026
65078_rns_2026-03-01_a0e5e6a5-085d-4cad-885c-c25d996943cb.pdf
M&A Activity
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2 March 2026
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Undertaking to the Takeovers Panel and establishment of Independent Board Committee
Humm Group Limited (ASX: HUM) ( humm group or the Company ) refers to the media release from the Takeovers Panel ( Panel ) dated 27 February 2026 regarding the proceedings involving the Company announced on 27 January 2026, which remain ongoing.
The Panel has informed the Company that it considers an independent board committee ( IBC ) should have been established by the Company to consider the conditional, non-binding and indicative proposal from Credit Corp Group Limited ( Credit Corp ) to acquire 100% of the shares in the Company announced to the market on 17 December 2025 ( Credit Corp Proposal ) to mitigate the effect of any actual, potential or perceived conflict of interest of Mr Andrew Abercrombie.
The Company believes its approach to date has been in good faith, consistent with established market practice and has not disadvantaged humm group shareholders, however it acknowledges the complexity of the issues at hand and understands the substance of the Panel’s concerns. Accordingly, while the Company has differences with the Panel's conclusions, the Company has offered voluntary undertakings to establish an IBC to consider and respond to the Credit Corp Proposal, which the Panel has accepted.
humm group will keep shareholders informed in accordance with its continuous disclosure obligations.
Authorised for release by the Board of Humm Group Limited
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Media Contact
Rebecca Emery – Head of Communications [email protected] +64 275 580 946
ABOUT HUMMGROUP
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; Australia Cards ( humm ®90, and Lombard); and New Zealand Cards (including Farmers Finance Card, Farmers Mastercard®, Q Card, Q Mastercard® and Flight Centre Mastercard®).
humm Group Limited ACN 122 574 583 Level 14, 255 Pitt Street, Sydney, NSW 2000 Tel. +61-2-8905-2000 ME_961334772_1