• Humm Group received a s203D notice from shareholders to remove directors
• Humm also received a non-binding indicative proposal from Credit Corp to acquire 100% of the company
• Humm's board is evaluating the proposal and is open to supporting a proposal that represents appropriate value for shareholders

Humm Group Limited (ASX:HUM) has announced that it received a notice under section 203D of the Corporations Act from Jeremy Raper and Collins Street Value Fund on 15 December 2025. The section 203D notice states an intention to move resolutions at a general meeting to remove Andrew Abercrombie, Robert Hines and Andrew Darbyshire as Directors of Humm, along with any other director appointed after 15 December. Separately, Humm also announces receipt of a non-binding indicative proposal from Credit Corp Group Limited (ASX: CCP) to acquire 100% of the Company. Credit Corp's indicative proposal comprises a proposed scheme of arrangement at $0.77 per Humm share in cash, or alternatively an off-market takeover offer at $0.72 per share in cash, conditional upon Credit Corp achieving acceptances for 50.1% of Humm's shares. Humm's board, with the assistance of its financial and legal advisers, is carefully evaluating Credit Corp's proposal and is committed to acting in the best interests of all Humm shareholders. The board is prepared to work constructively with Credit Corp to see if a proposal can be developed that it is prepared to recommend for consideration by the shareholders. Humm has informed Credit Corp that it is willing to engage on the proposal and has offered to provide due diligence, subject to settling a market standard non-disclosure agreement.