Company Announcements

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR NEW ZEALAND OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.

THIS ANNOUNCEMENT WAS DEEMED BY THE COMPANY TO CONTAIN INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR") AS THEY FORM PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. WITH THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

11 August 2022

MJ Hudson Group plc

(the "Company", "Group" or "MJ Hudson")

Results of Placing and Retail Offer

Further to the Company's announcement of 10 August 2022 regarding the proposed placing via accelerated bookbuild (the "Placing Announcement"), the Company is pleased to announce that it has successfully raised £9.0 million (before expenses) under the Placing through the issuance of 30,000,000 Placing Shares at the Issue Price.

In addition, the Company is also pleased to announce that it has raised £0.22 million (before expenses) through the subscription of 742,463 Retail Offer Shares under Retail Offer following the closing of the offer on 10 August 2022.

The following Directors and PDMRs have subscribed for the following amounts of Placing Shares.

*Includes 8,517,340 Ordinary Shares held by Katherine Hudson, wife of Matthew

As Directors of the Company, Matthew Hudson (CEO) and Odi Lahav (COO) are deemed to be related parties of the Company pursuant to the AIM Rules, as is Canaccord Genuity Wealth Management ("Canaccord") as a substantial shareholder of the Company. The aggregate participation in the Placing by Matthew and Odi constitutes a related party transaction for the purposes of Rule 13 of the AIM Rules and the participation by Canaccord constitutes a separate related party transaction. The independent Directors of the Company, being all directors other than Matthew Hudson and Odi Lahav who are both subscribing for New Ordinary Shares consider, having consulted with the Company's nominated adviser, that the terms of these transactions are fair and reasonable insofar as the Company's Shareholders are concerned.

The Placing and Retail Offer remain conditional on the passing of the Resolution by Shareholders at the General Meeting and the New Ordinary Shares being admitted to trading on AIM. Application will be made for 30,742,463 New Ordinary Shares (representing the 30,000,000 Placing Shares and the 742,463 Retail Offer Shares) to be admitted to trading on AIM ("Admission"), which is expected to be take place at 8.00 a.m. on 1 September 2022.

Following Admission, the Company will have 203,370,228 Ordinary Shares in issue carrying voting rights admitted to trading on AIM. This figure, 203,370,228, may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

A circular, containing further details of the Fundraising and notice of the General Meeting to be held at 2.00 pm on 31 August 2022 to, inter alia, approve the Resolutions required to implement the Fundraising, is expected to be published and despatched to Shareholders today (the "Circular").  Following its publication, the Circular will be available to view on the Group's website at https://mjhudson.com/investors/

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Placing Announcement.

For further information, please contact:

About MJ Hudson

MJ Hudson (AIM:MJH) is the end-to-end solutions provider to the US$100 trillion+ asset management industry, specialising in its fastest growing segment, private markets (including private equity and venture capital). 

The Company offers investors access to the growth in private markets as a tech-enabled 'picks and shovels' play. 

Founded in 2010, by CEO Matthew Hudson (a private markets lawyer and former fund manager), MJ Hudson was admitted to the AIM market of the London Stock Exchange in 2019. The Group has grown to more than 300 professionals, serving more than 1,000 clients, across the globe, including some of the industry's largest players and 18 of the FTSE 100.

Several factors have contributed to the Group's success, to date, and support strong growth expectations, for the future: 

1.  As private markets grow, so do scrutiny and regulation, increasing the need for the Group's specialist advice and services, particularly in areas like ESG, where it has award-winning solutions

2.  As it evolves, the sector is increasingly embracing technology, data, and analytics, where MJ Hudson has award-winning tools and in which it continues to invest

3.  The Group's multi-service approach creates multiple client touchpoints, building stronger, longer-term relationships, and making it easier to sell in additional MJ Hudson services

4.  Performing these services generates vast amounts of data, which MJ Hudson aggregates and analyses, in order to further support its clients, by developing new tools and fine-tuning existing services

For more information, please visit our website: www.mjhudson.com/investors    

LinkedIn: www.linkedin.com/company/mj-hudson/
Twitter: www.twitter.com/MJHudsonCorp