Humm Faces Takeovers Panel Application Over Handling of Credit Corp Bid and Chair’s Rising Stake

The latest announcement is out from Humm Group Limited ( (AU:HUM) ).

Humm Group Limited has become the focus of a Takeovers Panel application lodged by shareholder Akat Investments Pty Ltd, amid escalating tension around competing corporate control dynamics at the ASX-listed finance group. The application centres on Humm’s handling of a non-binding indicative takeover proposal from Credit Corp Group Limited for 100% of Humm’s shares, and follows an earlier, now-withdrawn indicative bid from The Abercrombie Group Pty Ltd, an entity linked to Humm chair Andrew Abercrombie, whose associates recently lifted his relevant interest in the company to 29.19% through on‑market share purchases. Akat alleges unacceptable circumstances including delayed and incomplete disclosure of Credit Corp’s proposal, failure to grant due diligence over two months after receipt of a bona fide offer, perceived conflicts arising from Humm using a law firm that also advised the Abercrombie-linked bidder, and the absence of an independent board committee to assess the Credit Corp approach, all while a shareholder-led push is under way to remove several directors and appoint new ones at a 19 February 2026 extraordinary general meeting. The applicant is seeking interim and final orders that would strip voting rights from shares acquired by Abercrombie‑associated entities in mid‑December 2025 while the Credit Corp proposal remains live, compel Humm to provide due diligence to Credit Corp on terms equivalent to those given to the Abercrombie vehicle, require the establishment of an independent board committee and structured engagement process, and force corrective disclosure; the Takeovers Panel has yet to decide whether it will commence formal proceedings or rule on the requested remedies, leaving governance and control at Humm in a state of heightened uncertainty for shareholders and other stakeholders.

The most recent analyst rating on (AU:HUM) stock is a Hold with a A$0.81 price target. To see the full list of analyst forecasts on Humm Group Limited stock, see the AU:HUM Stock Forecast page.

More about Humm Group Limited

Humm Group Limited is an ASX-listed financial services company (ASX: HUM). It operates in the consumer and commercial finance industry, offering lending and payment solutions, and is currently the subject of interest from potential acquirers within the Australian financial services sector.

Average Trading Volume: 1,748,884

Technical Sentiment Signal: Buy

Current Market Cap: A$380M

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