• Misleading statements made by Humm Group in announcements regarding Credit Corp's acquisition proposal
• Humm board failed to engage substantively with Credit Corp's proposal
• Acquisitions of Humm shares by Chair Mr Abercrombie deemed unacceptable

The Takeovers Panel has made a declaration of unacceptable circumstances in relation to the affairs of Humm Group Limited (Humm). The relevant facts and a detailed description of the effect of the unacceptable circumstances are set out in the Panel's announcement. The Panel considered that certain statements made by Humm in announcements regarding a conditional, non-binding indicative offer from Credit Corp Group Limited to acquire control of Humm were misleading and contrary to an efficient, competitive and informed market. The Panel also considered that Humm's conduct in failing to engage substantively with the Credit Corp Proposal, in light of the statements Humm made to the market, is unacceptable. Additionally, the Panel considered that acquisitions of 3% of Humm shares by Chair Mr Abercrombie immediately after Humm's 17 December 2025 announcement were unacceptable, having regard to the effect of those acquisitions on the Credit Corp Proposal and their potential effect on the upcoming extraordinary general meeting of Humm shareholders. The Panel is still considering whether it should make final orders and, if so, what final orders it should make.