Let's Explore Group PLC (AIM:LETS) entered into a conditional sale and purchase agreement to acquire Huddled Group Limited for £3.95 million on September 28, 2023. The consideration of £3.95 million will be paid in shares, the initial payment of £3.45 million and a deferred payment, subject to adjustment as provided in the Acquisition Agreement, of £0.5 million due and payable around April 30, 2025. The Completion Consideration Shares will be subject to a 12-month firm lock-in and 12-month orderly market provisions thereafter. The Withheld Consideration Shares will be subject to a 6-month orderly market lock-in. Proposed change of name to Huddled Group plc. Let's Explore Group PLC seeking approval of the SPT Resolution at the General Meeting which will allow it to proceed with the Acquisition. As of October 16, 2023, a total of 130,681,818 new ordinary shares of £0.040108663 pence each in the Let's Explore Group PLC to be issued with regarding this transaction consideration. Upon admission of the new ordinary shares, the Let's Explore Group PLC, will complete the acquisition of Huddled and shareholders of Let's Explore Group PLC approved this transaction.

Adrian Hadden and Charlie Combe of Cavendish Securities Plc acted as a financial advisor to Let's Explore Group PLC (AIM:LETS).