Humm announces $286 million takeover offer from The Abercrombie Group

ASX-listed Humm Group limited (“hummgroup”) have advised that it has received a non-binding indicative offer to acquire hummgroup from The Abercrombie Group Pty Ltd (TAG).

TAG is the family office of hummgroup Board Chair Andrew Abercrombie. TAG and its associates hold 26.6% of the shares on issue in hummgroup.

The indicative offer is for the acquisition of all of the ordinary shares on issue in hummgroup (that are not currently held by TAG and its associates) for a cash price of $0.581 per share (Offer) compared to a closing price on 23 June 2025 of $0.43. TAG proposes to acquire the shares by way of a scheme of arrangement.

The Offer is expressed to be non-binding and is subject to a number of conditions, including completion of due diligence satisfactory to TAG and entry into by TAG and hummgroup of a mutually agreed scheme implementation deed (SID).

Implementation of the scheme of arrangement under the SID would be conditional on (among other things) customary approval of the hummgroup shareholders by the required majority and by the Court.

Shareholders have been advised that there is no certainty that The Abercrombie Group and hummgroup will enter into a binding SID or that the transaction will proceed.