Announcement • May 24
Hyve Group Announces Removal of the Ordinary Shares from the Official List The Financial Conduct Authority (FCA) removed the Ordinary Shares of 10p each; fully paid, Premium Equity Commercial Companies of Hyve Group Plc from the Official List effective from May 23, 2023. Announcement • May 23
Cancellation of Listing and Dealings in Hyve Shares Is Expected on 23 May 2023 Hyve Group plc ("Hyve") and Heron UK Bidco Limited ("Bidco") announced that, following the delivery of the Scheme Court Order to the Registrar of Companies on 22 May 2023, the Scheme has now become Effective in accordance with its terms and the entire issued share capital of Hyve is now owned by Bidco. Hyve Shareholders on the register at the Scheme Record Time, being 6:00 p.m. on 19 May 2023, will receive 121 pence in cash for each Scheme Share. Suspension of listing and dealings in Hyve Shares: The listing of Hyve Shares on the premium listing segment of the Official List of the Financial Conduct Authority and the admission to trading of Hyve Shares on the London Stock Exchange's Main Market for listed securities was suspended with effect from 7:30 a.m. on 22 May 2023. Cancellation of listing and dealings in Hyve Shares: An application has been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of Hyve's listing on the premium listing segment of the Official list and the trading of Hyve Shares on the London Stock Exchange's Main Market, which is expected to take place by 8:00 a.m. on 23 May 2023. Settlement: The latest date for the dispatch of cheques to Hyve Shareholders and settlement through CREST for cash consideration due under the Scheme is 5 June 2023. As a result of the Scheme having become Effective, share certificates in respect of Hyve Shares have ceased to be valid documents of title and entitlements to Hyve Shares held in uncertificated form in CREST have been cancelled. Announcement • May 22
Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index (GBP) Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index (GBP) Announcement • May 19
De-Listing of Hyve Shares Expected to Take Effect on 23 May 2023 Hyve Group plc ("Hyve") and Heron UK Bidco Limited ("Bidco") announced that the Court has on 18 May 2023 sanctioned the scheme of arrangement under Part 26 of the Companies Act (the "Scheme") by which the recommended cash acquisition of the entire issued and to be issued share capital of Hyve by Bidco (the "Acquisition") is being implemented. The Scheme will become effective upon the Scheme Court Order being delivered to the Registrar of Companies, which is expected to take place on 22 May 2023. Next steps: Applications have been made for the suspension of: (i) trading in Hyve Shares on the London Stock Exchange's Main Market for listed securities and (ii) the listing of Hyve Shares on the premium listing segment of the Official List of the Financial Conduct Authority, and such suspensions are expected to take effect by 8:00 a.m. on 22 May 2023. The last day of dealings in, and for the registration and transfer of, Hyve Shares is therefore expected to be 19 May 2023. The de-listing of Hyve Shares from the premium listing segment of the Official list of the Financial Conduct Authority and the cancellation of the admission to trading of Hyve Shares on the London Stock Exchange's Main Market for listed securities have also been applied for and, subject to the Scheme becoming Effective, are expected to take effect by 8:00 a.m. on 23 May 2023. Announcement • May 06
Hyve Group Announces Update on its Cancellation of Listing As announced on 3 May 2023, Hyve Group Plc Shareholders voted to approve the Scheme at the Court Meeting and the General Meeting held on 3 May 2023 in connection with the recommended cash offer for the entire issued and to be issued ordinary share capital of Hyve by Heron UK Bidco Limited. The Scheme Court Hearing has been scheduled for 18 May 2023 and the Scheme is therefore expected to become Effective on 22 May 2023. Suspension of listing of, and dealings in, Hyve Shares is expected before markets open on 22 May 2023. Cancellation of listing of Hyve Shares is expected on 23 May 2023. Announcement • Jan 27
Hyve Group plc Appoints Julie Harris as Non-Executive Director, Effective 2 February 2023 Hyve Group plc announced the appointment of Julie Harris as non-executive director of the board of directors effective 2 February 2023. Julie has a leadership and management background in the media and information technology sectors and is currently Chief Executive Officer of Comparison Technologies, a position she has held since November 2019. Julie has over 25 years' experience of working in B2B and B2C media and events businesses delivering on digital transformation and has been a NED of Which? Ltd. for the last five years. Julie has been in executive leadership roles for over 10 years and has led teams in the UK and internationally, launching, acquiring and growing businesses, developing tech products and driving significant value. Julie has created diverse, inclusive and high-performance environments in the organizations she has been a part of. At Hyve, Julie will take on the role of ESG Committee Chair, providing Board-level oversight of the delivery of the Group's ESG strategy. Announcement • Jan 25
Hyve Group Plc to Report First Half, 2023 Results on May 16, 2023 Hyve Group Plc announced that they will report first half, 2023 results on May 16, 2023 Announcement • Jan 04
Hyve Group Plc, Annual General Meeting, Feb 01, 2023 Hyve Group Plc, Annual General Meeting, Feb 01, 2023, at 09:00 Coordinated Universal Time. Location: Hyve Group plc offices, 2 Kingdom Street, London W2 6JG London United Kingdom Announcement • Oct 07
ICA (JV) LTD entered into an agreement to acquire Hyve Fuarcilik Anonim Sirketi for £8 million. ICA (JV) LTD entered into an agreement to acquire Hyve Fuarcilik Anonim Sirketi for £8 million on October 5, 2022. The Hyve will receive consideration of £2 million on completion, less customary working capital adjustments, and between £4 million and £6 million of deferred consideration, payable over the six year period until December, 2028 based on the profitability of the Turkish Business. Hyve Group entered into an agreement to sell Hyve Fuarcilik Anonim Sirketi and its subsidiaries. As of September 30, 2021, the Turkish Business had gross assets of £1.9 million. The Directors intend to use the proceeds to reduce the Group's net debt. Announcement • Sep 01
Hyve Group plc Announces Resignation of Anna Bateson as Non-Executive Director Hyve Group plc announced that, following her appointment as the CEO of the Guardian Media Group, Anna Bateson, Non-Executive Director, has tendered her resignation from the Board of Hyve Group plc ("the Board), effective on 16 September 2022. Anna joined the Board on 1 March 2022. She is Chair of Hyve's ESG Committee and a member of the Remuneration and Audit Committees. Jo Rabbett, the Group's Chief of Staff, will act as an interim Chair of the ESG Committee. Announcement • Jul 21
Anatoly Sushon, Managing Director of Premier Expo, acquired Premier Expo from Hyve Group Plc (LSE:HYVE) in a management buy-out transaction for £3 million. Anatoly Sushon, Managing Director of Premier Expo, acquired Premier Expo from Hyve Group Plc (LSE:HYVE) in a management buy-out transaction for £3 million on July 19, 2022. Under the terms of the transaction, Hyve Group will receive up to £3 million via an earnout consideration which shall be paid annually until September 2027 based on the profitability of Premier Expo. Hyve Group has agreed to support Premier Expo with funding of up to £1.2 million to be repaid by September 2027, also dependent on future profitability.
Anatoly Sushon, Managing Director of Premier Expo, completed the acquisition of Premier Expo from Hyve Group Plc (LSE:HYVE) in a management buy-out transaction on July 19, 2022. Announcement • Apr 08
Rise Expo Limited agreed to acquire Russian Business of Hyve Group Plc (LSE:HYVE) for £72 million. Rise Expo Limited agreed to acquire Russian Business of Hyve Group Plc (LSE:HYVE) for £72 million on April 6, 2022. The consideration is wholly structured as an earnout amount which will be payable in cash in respect of each financial year following completion until September 30, 2032, based on profits after tax. Maximum Earn-out Consideration can be reduced to £60 million if all is paid prior to September 30, 2027. In the financial year ended September 30, 2021, the Russian operating segment generated revenues of £27.3 million and gross assets of £37.6 million. The transaction is subject to approval by shareholders of HYVE, approval by regulatory authorities and approval by HYVE's lenders. HYVE intends to use the net cash proceeds to repay its existing debt facilities and after a refinancing of its existing facilities intends to use the net cash proceeds in pursuit of its strategy. HYVE expects to report a loss on Disposal of its Russian Business. Charles Palmer and Dwight Burden of FTI Consulting LLP acted as advisors to Hyve Group. Nick Westlake, Matt Lewis and Hugo Rubinstein of Numis Corporation Plc (AIM:NUM) acted as financial advisors to Hyve Group. Announcement • Feb 03
Hyve Group plc Announces Board Changes Hyve Group Plc announced at the close of Annual General Meeting (AGM) held on February 3, 2022, Stephen Puckett, Non-Executive Senior Independent Director, who did not seek re-election to the Board, will cease to be a director. Nick Backhouse, Non-Executive Director and Chair of the Audit Committee, will take on the role of Senior Independent Director. Stephen has been a Non-Executive Director with the Group since 2013 and had come to the end of his tenure. Stephen was a member of the Audit and Remuneration Committees throughout his time at Hyve and chaired the Audit Committee from 2014 until 2020. In January 2020, he was appointed Chair of the Group's Risk Committee which, on an interim basis, will be taken over by John Gulliver, CFOO. Stephen has also been the Non-Executive Senior Independent Director since 2019. Nick Backhouse has held the role of Non-Executive Director with the Group since 2019 and has been Chair of the Audit Committee since 2020. He has extensive experience at Board level and is currently, amongst other roles, a Senior Independent Director of both Hollywood Bowl Group plc and Loungers plc. In addition, Sharon Baylay has indicated her intention to stand down from the Board of Hyve with effect from 1 March 2022. Sharon was appointed a Non-Executive Director of the Group in April 2014. She has been Chair of the Remuneration Committee since October 2017, chairs the Group's newly formed Environmental, Social and Governance Committee since June 2021 and sits on both the Risk and Audit Committees. Hyve has strengthened its Board with the appointment of two new Non-Executive Directors, Anna Bateson and Rachel Addison, with effect from 1 March 2022. Anna has a leadership and management background spanning media, retail, news and technology. She has held a number of roles at the Guardian Media Group, including as Interim CEO. Prior to that, Anna served as a Digital Director at Charlotte Tilbury, Senior Director in the YouTube Global Consumer Marketing team at Google Inc, and also held marketing roles at ITV and MTV among others. Currently Anna is serving as CEO of Josh Wood Colour, a founder-led fast growing home hair care brand. Rachel brings nearly 30 years of finance and operational management experience and has most recently been Chief Financial Officer of Future plc, the global platform business for specialist media. Prior to Future, she was CFO at TI Media Limited and held a number of senior financial, operational and board level roles at Trinity Mirror (now Reach) Regionals, Local World Limited, Northcliffe Media Limited and Boots the Chemist where she was Head of Risk Management. Rachel is a chartered accountant having started her career at Arthur Andersen. She is currently a Non-Executive Director at Marlowe plc and Mango Publishing Group. Appointments to Board Committees will be confirmed in due course. 
