Huddled Group Plc (AIM:HUD) acquired Food Circle Supermarket Ltd for £0.3 million on April 12, 2024. The consideration comprises of an initial payment of £100,000 in cash and £50,000 in shares. A further £50,000 in shares will be payable on the first anniversary of the acquisition, subject to any adjustments in the event of any warranty claims against the sellers. An additional £100,000 in cash will be payable if Food Circle meets certain targets during its first 12 months post-acquisition. Food Circle delivered unaudited revenue of £1.4 million and a net loss of £0.046 million for the year ended December 31, 2023.

Huddled Group Plc (AIM:HUD) completed the acquisition of Food Circle Supermarket Ltd on April 12, 2024.