Exhibit 99.1
WESHOP
HOLDINGS LIMITED
(Incorporated
and registered in the British Virgin Islands with registered BVI Company Number 2046056)
Notice
of Annual General Meeting 2026
September
25, 2026
Dear
Shareholder:
You
are cordially invited to attend our 2026 Annual General Meeting of Shareholders of WeShop Holdings Limited (“WeShop”,
the “Company”, “we”, “us”, or “our”), which will be held
on October 16, 2026, at 11:00 a.m. British Summer Time (BST, UTC+1) at JTC House, 28 Esplanade, St Helier, Jersey, JE4 2QP (the “2026
Annual General Meeting”).
If
you own our Class A ordinary shares at 9.00 p.m. (BST) on September 25, 2026, you are entitled to vote on the matters which are
listed in the enclosed Notice of 2026 Annual General Meeting of Shareholders (the “Notice”).
The
Board of Directors of the Company (the “Board”) recommends a vote “FOR” each of the proposals listed
as Items 1 and 2 in the Notice.
You
may vote via the Internet, by telephone or by completing and mailing the proxy card you received in the mail. If you attend the 2026
Annual General Meeting, you may vote your shares in person, even if you have previously voted your proxy. Your vote is important, regardless
of the number of Class A ordinary shares you own or whether or not you plan to attend the 2026 Annual General Meeting. Accordingly, whether
or not you plan to attend the 2026 Annual General Meeting, after reading the enclosed Notice and accompanying proxy statement, please
sign, date and mail the enclosed proxy card in the envelope provided or vote by telephone or over the Internet in accordance with the
instructions on your proxy card or your voting instructions form to ensure that your shares will be represented and voted at the 2026
Annual General Meeting.
We
are proud that you have chosen to invest in WeShop. On behalf of our management and directors, thank you for your continued support and
confidence. We look forward to seeing you at the 2026 Annual General Meeting.
Sincerely,
John
Foley
Chairman
of the Board
WESHOP
HOLDINGS LIMITED
(BVI
COMPANY NUMBER 2046056)
(the
“Company”)
NOTICE
OF 2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS
NOTICE
IS HEREBY GIVEN that the 2026 Annual General Meeting (the “Meeting”) of the shareholders of WeShop Holdings Limited
(the “Company”) will be held at 11:00 a.m. (British Summer Time) on October 16, 2026 at JTC House, 28 Esplanade, St
Helier, Jersey, JE4 2QP. We have opted to hold the meeting in a physical format only; there will be no virtual attendance facilities
offered for the Meeting.
The
Meeting is being held for the following purposes:
AGENDA
| 1. |
To
consider and if thought appropriate re-elect Oana Crisan, Andrew Fearon and Oliver Egerton-Vernon as Class I Directors of the Company,
in each case to hold office for a further term of three years (until the conclusion of the Company’s annual meeting of shareholders
in 2029). |
| |
|
| 2.
|
To
re-appoint WithumSmith+Brown PC as our independent registered public accounting firm to hold office from the conclusion of the 2026
Annual General Meeting until the conclusion of the next annual general meeting of the Company. |
| |
|
| 3.
|
To
consider such other business as may properly come before the Meeting in accordance with the laws of the British Virgin Islands and
the articles of association of the Company, and any adjournments or postponements thereof. |
| RECORD
DATE: |
You
are entitled to vote at the Meeting, or any adjournment, if you were a holder of Class A
ordinary shares at 9:00 p.m. (BST) on September 25, 2026. |
| |
|
| VOTING
BY PROXY: |
To
ensure your shares are voted, you may vote your shares over the Internet, by telephone or by completing, signing and mailing the enclosed
proxy card. Voting procedures are described on the following page and on the proxy card. |
Please
refer to the proxy card which is attached to and forms part of this notice. The proxy statement is also available for viewing on the
Investor Relations section of our website at https://investors.we.shop/news-and-events/event-calendar and on the U.S. Securities and
Exchange Commission’s (the “SEC”) website at https://www.sec.gov.
For
more information about the Company, including our business, financial condition and results of operations, please refer to our Annual
Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on April 30, 2026 and as may be amended, or the Report
of Foreign Private Issuer on Form 6-K filed with the SEC on August 24, 2026 and which contains our unaudited interim financial statements
as of and for the six months ended June 30, 2026 as well as a discussion thereof. The Form 20-F and 6-K are available on the Investor
Relations section of our website at https://investors.we.shop/financials-filings/sec-filings and on the SEC’s website at https://www.sec.gov.
By
order of the Board of Directors,
| /s/ John Foley |
|
| John Foley |
|
| Chairman of the Board |
|
TABLE
OF CONTENTS
| |
PAGE |
| |
|
| PROXY STATEMENT |
1 |
| |
|
| QUESTIONS AND ANSWERS ABOUT THE 2026 ANNUAL GENERAL MEETING, THE PROXY MATERIALS AND VOTING YOUR SHARES |
1 |
| |
|
| PROPOSAL 1: RE-ELECTION OF DIRECTORS |
5 |
| |
|
| PROPOSAL 2: RE-APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
7 |
| |
|
| DOCUMENTS ON DISPLAY |
8 |
| |
|
| OTHER MATTERS |
8 |
PROXY
STATEMENT
WESHOP
HOLDINGS LIMITED 2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS
QUESTIONS
AND ANSWERS ABOUT
THE
2026 ANNUAL GENERAL MEETING, THE PROXY MATERIALS AND VOTING YOUR SHARES
WHY
AM I RECEIVING THESE MATERIALS?
Our
Board has delivered the Proxy Materials to you in connection with the solicitation of proxies for use at the 2026 Annual General Meeting.
As a shareholder, you are invited to attend the 2026 Annual General Meeting and are requested to vote on the items of business described
in this Proxy Statement.
WHAT
IS A PROXY?
Our
Board is soliciting your vote at the 2026 Annual General Meeting. You may vote by proxy as explained in this Proxy Statement. A proxy
is your formal legal designation of another person to vote the Class A ordinary shares you own. That other person is called a proxy.
If you designate someone as your proxy in a written document, that document also is called a proxy or a proxy card.
Mr.
John Foley and Ms. Maria Weaver have been designated as the Company’s proxies for the 2026 Annual General Meeting.
WHAT
PROPOSALS WILL BE VOTED ON AT THE 2026 ANNUAL GENERAL MEETING?
There
are two proposals that will be voted on at the 2026 Annual General Meeting:
| |
1. |
To
consider and if thought appropriate re-elect Oana Crisan, Andrew Fearon and Oliver Egerton-Vernon as Class I Directors of the Company,
in each case to hold office for a further term of three years (until the conclusion of the Company’s annual meeting of shareholders
in 2029); and |
| |
|
|
| |
2. |
To
re-appoint WithumSmith+Brown PC as our independent registered public accounting firm to hold office from the conclusion of the 2026 Annual
General Meeting until the conclusion of the next annual general meeting of the Company. |
HOW
DOES THE BOARD RECOMMEND I VOTE?
Our
Board unanimously recommends that you vote:
| |
1. |
“FOR”
the re-election of each director named in this Proxy Statement (Proposal No. 1); |
| |
|
|
| |
2.
|
“FOR”
the re-appointment of WithumSmith+Brown PC as our independent registered public accounting firm to hold office from the conclusion
of the 2026 Annual General Meeting until the conclusion of the next annual general meeting of the Company (Proposal No. 2). |
WHAT
HAPPENS IF ADDITIONAL MATTERS ARE PRESENTED AT THE 2026 ANNUAL GENERAL MEETING?
If
any other matters are properly presented for consideration at the 2026 Annual General Meeting, including, among other things, consideration
of a motion to adjourn or postpone the 2026 Annual General Meeting to another time or place, the persons named as proxy holders will
have discretion to vote on those matters in accordance with their best judgment, unless you direct them otherwise in your proxy instructions.
We do not currently anticipate that any other matters will be raised at the 2026 Annual General Meeting.
WHO
CAN VOTE AT THE 2026 ANNUAL GENERAL MEETING?
Only
those shareholders of record at 9.00 p.m. (BST) on September 25, 2026, the time and date established by the Board for determining
the shareholders entitled to vote at the 2026 Annual General Meeting, are entitled to vote at the 2026 Annual General Meeting.
On
September 18, 2026, being the latest practicable date prior to publication of this notice of Annual General Meeting, 11,717,133 Class
A ordinary shares had been issued. Holders of Class A ordinary shares are entitled to one vote for each share owned for each matter to
be voted on at the 2026 Annual General Meeting. Holders of Class A ordinary shares will vote together as a single class on all proposals
to be voted on at the 2026 Annual General Meeting.
A
list of the shareholders of record as of September 25, 2026 will be available for inspection at the 2026 Annual General Meeting.
WHAT
IS THE DIFFERENCE BETWEEN BEING A “SHAREHOLDER OF RECORD” AND A “BENEFICIAL OWNER” HOLDING SHARES IN STREET NAME?
Shareholder
of Record: You are a “shareholder of record” if your shares are registered directly in your name with our transfer agent,
Computershare Inc. The Proxy Materials are sent directly to shareholders of record.
Beneficial
Owner: If your shares are held in a stock brokerage account or by a bank or other nominee, you are considered the “beneficial
owner” of shares held in “street name” and your bank or other nominee is considered the shareholder of record. Your
bank or other nominee forwarded the Proxy Materials to you. As the beneficial owner, you have the right to direct your bank or other
nominees how to vote your shares by completing a voting instruction form. Because a beneficial owner is not the shareholder of record,
you are invited to attend the 2026 Annual General Meeting, but you may not vote these shares in person at the 2026 Annual General Meeting
unless you obtain a “legal proxy” from the bank or other nominee that holds your shares, giving you the right to vote the
shares at the 2026 Annual General Meeting.
HOW
DO I VOTE?
If
at 9:00 p.m. (BST) on September 25, 2026 you are a shareholder of record of Class A ordinary shares you may vote your shares in
advance over the Internet, by telephone or by mail. Shareholders of record entitled to attend and vote at the Meeting are entitled to
appoint one or more proxies to attend and vote in their stead. A proxy need not be a shareholder of the Company.
Proxy
cards with respect to shares held of record must be received no later than 4:59 a.m. (BST) on October 13, 2026.
If
you hold your shares in street name (i.e. your shares are held in a stock brokerage account or by a bank or other nominee), you may submit
voting instructions to your broker, bank or other nominee. In most instances, you will be able to do this over the Internet, by telephone
or by mail. Please refer to information from your bank, broker or other nominee on how to submit voting instructions.
To
vote by proxy if you are a shareholder of record:
BY
INTERNET
| ● | Go
to the website indicated on your proxy card, or scan the QR code on your proxy card with
your smartphone, and follow the instructions, 24 hours a day, seven days a week. |
| | | |
| ● | You
will need the account number and control number included on your proxy card to obtain your
records and to create an electronic voting instruction form. |
BY
TELEPHONE
| ● | From
a touch-tone telephone, dial the telephone number indicated on your proxy card and follow
the recorded instructions, 24 hours a day, seven days a week. |
| | | |
| ● | You
will need the account number and control number included on your proxy card in order to vote
by telephone. |
BY
MAIL
| ● | Mark
your selections on the proxy card. |
| | | |
| ● | Date
and sign your name exactly as it appears on your proxy card. |
| | | |
| ● | Mail
the proxy card in the enclosed postage-paid envelope provided to you. |
YOUR
VOTE IS IMPORTANT TO US. THANK YOU FOR VOTING.
Should
you have any questions with respect to voting your shares, please call Computershare to confirm at 1 800 736 3001 (Toll Free) or +1 (781)
575 3100 (International)
WHAT
DOES IT MEAN IF I RECEIVE MORE THAN ONE PROXY CARD?
It
means that your Class A ordinary shares are registered differently or you have multiple accounts. Please vote all of these shares separately
to ensure all of the shares you hold are voted.
WHAT
IF I DO NOT SPECIFY HOW MY SHARES ARE TO BE VOTED?
Shareholders
of Record: If you are a shareholder of record and you properly submit your proxy but do not give voting instructions, the persons
named as proxies will vote your shares as follows: “FOR” the re-election of each director named in this Proxy Statement (Proposal
No. 1), and “FOR” the re-appointment of WithumSmith+Brown PC as our independent registered public accounting firm to hold
office from the conclusion of the 2026 Annual General Meeting until the conclusion of the next annual general meeting of the Company
(Proposal No. 2). If you do not return a proxy, your shares will not be counted for purposes of determining whether a quorum exists and
your shares will not be voted at the 2026 Annual General Meeting.
Beneficial
Owners: If you are a beneficial owner whose Class A ordinary shares are held in street name and you do not give voting instructions
to your bank, broker or other nominee, your bank, broker or other nominee may exercise discretionary authority to vote on matters that
The Nasdaq Stock Market LLC (“Nasdaq”) determines to be “routine.” Your bank, broker or other nominee is not
allowed to vote your shares on “non-routine” matters and this will result in a “broker non-vote” on that non-routine
matter, but the shares will be counted for purposes of determining whether a quorum exists. The item on the 2026 Annual General Meeting
agenda that may be considered non-routine is Proposal No. 2 relating to the re-appointment of the independent registered public accounting
firm to hold office from the conclusion of the 2026 Annual General Meeting until the conclusion of the next annual general meeting of
the Company.
CAN
I CHANGE OR REVOKE MY PROXY?
Whether
you have voted by Internet, telephone or mail, if you are a shareholder of record, you may change your vote and revoke your proxy by:
| ● | sending
a written statement to that effect to Computershare, provided such statement is received
no later than 4:59 a.m. (BST) on October 13, 2026; |
| | | |
| ● | submitting
a properly signed proxy card, which has a later date than your previous vote, and that is
received no later than 4:59 a.m. (BST) on October 13, 2026; or |
| | | |
| ● | attending
the Meeting and voting in person. |
If
you hold shares in street name, please refer to information from your bank, broker or other nominee on how to revoke or submit new voting
instructions.
A
revocation of a proxy will not affect a matter on which a vote is taken before the revocation, provided that no written statement of
such revocation has been received by Computershare before 4:59 a.m. (BST) on October 13, 2026.
WHAT
CONSTITUTES A QUORUM; VOTE REQUIREMENTS
We
are required to have a quorum of shareholders present to conduct business at the Meeting. The presence in person or by proxy of shareholders
holding not less than ten percent (10%) of the votes of the shares entitled to vote on the proposals to be considered at the Meeting
constitutes a quorum.
For
Proposal No. 1 concerning the re-election of directors, under our articles of association, the election of each nominee for director
requires the affirmative vote of a majority of in excess of fifty per cent (50%) of the votes of the Shares entitled to vote thereon
in respect of which the Shareholders holding the Shares were present at the meeting in person, or by proxy, and being Shares in respect
of which the votes were voted.
For
Proposal No. 2, the re-appointment of WithumSmith+Brown PC as our independent registered public accounting firm, we are seeking a resolution
of shareholders approved by the affirmative vote of not less than a majority of in excess of fifty per cent (50%) of the votes of the
Shares entitled to vote thereon in respect of which the Shareholders holding the Shares were present at the meeting in person, or by
proxy, and being Shares in respect of which the votes were voted.
It
is important to note that the proposal to re-appoint WithumSmith+Brown PC as our independent registered public accounting firm, to hold
office from the conclusion of the 2026 Annual General Meeting until the conclusion of the next annual general meeting of the Company,
(Proposal No. 2) is non-binding and advisory. While the re-appointment of WithumSmith+Brown PC as our independent registered public accounting
firm is not required by our articles of association or otherwise, if our shareholders fail to approve the selection, we will consider
it as notice to the Board and the Audit Committee that it should consider the selection of a different firm, but such vote does not require
that the Board and Audit Committee select a different firm if the Board does not consider it advisable or in the interests of the Company
to do so.
An
“abstention” occurs when a shareholder chooses to abstain or refrain from voting their shares on one or more matters presented
for a vote. Abstentions will be counted in determining whether a quorum has been reached. However, only votes cast for a director will
be counted for the purposes of electing a director and, thus, abstentions generally will not affect the outcome of the election. Only
votes cast regarding the re-appointment of WithumSmith+Brown PC as our independent registered public accounting firm will be counted
and, thus, abstentions generally will not affect the outcome.
A
“broker non-vote” occurs when a bank, broker or other holder of record holding shares for a beneficial owner attends the
2026 Annual General Meeting in person or by proxy but does not vote on a particular proposal because that holder does not have discretionary
authority to vote on that particular item and has not received instructions from the beneficial owner. Broker non-votes will have no
effect on the outcome of either proposal.
If
two or more persons are jointly regarded as holders of a share, each of them may be present in person or by proxy at the Meeting, but
if such persons are present in person or by proxy they must vote as one.
HOW
DO I ATTEND AND VOTE AT THE MEETING?
You
will be able to attend the Meeting in person. To participate in the Meeting, you will need to review the information included on your
proxy card or on the instructions that accompanied your proxy materials.
If
attending, we recommend that you give yourself ample time to arrive at the place of the Meeting before the Meeting begins. Shareholders
of record and duly appointed proxyholders (including Shareholders who have duly appointed and registered themselves as proxyholders)
who participate at the Meeting will be able to listen to the Meeting, ask questions and vote, provided that they are attending the Meeting
in person.
If
you are a “street name” holder and wish to attend and vote at the Meeting, you MUST obtain a valid legal proxy from
your brokerage firm, bank or other intermediary and then register in advance to attend the Meeting. Follow the instructions from your
broker, bank or other intermediary included with these materials or contact your broker, bank or other intermediary to request a legal
proxy form. After first obtaining a valid legal proxy from your broker, bank or other intermediary, you MUST then register to
attend the Meeting. To register to attend the Meeting you must submit proof of your proxy power (legal proxy) reflecting your share holdings
in the Company along with your name and email address to Computershare. Requests for registration must be labelled as “Legal Proxy”
and be received no later than 4:59 a.m. (BST) on October 13, 2026.
You
will receive a confirmation of your registration by email after Computershare receives your registration materials.
Requests
for registration should be directed to Computershare as follows:
By
E-Mail:
Forward
the email from your broker, or attach an image of your legal proxy, to legalproxy@computershare.com.
By
Mail:
Computershare
WeShop
Holdings Limited Legal Proxy
P.O.
Box 43001
Providence,
RI 02940-3001
Street
name holders who have not duly appointed and registered themselves as proxyholder will not be able to attend and vote at the Meeting.
WHO
WILL COUNT THE VOTES AND HOW CAN I FIND THE VOTING RESULTS OF THE 2026 ANNUAL GENERAL MEETING?
Our
inspector of election will tabulate and certify the votes. We plan to announce preliminary voting results at the 2026 Annual General
Meeting, and we will report the final results in a Report of Foreign Private Issuer on Form 6-K, which we will file with the SEC shortly
after the 2026 Annual General Meeting.
WHAT
ARE THE FISCAL YEAR END DATES?
Each
of our fiscal years ends on December 31.
WHERE
CAN I GET A COPY OF THE PROXY MATERIALS?
Copies
of the 2025 Annual Report, including consolidated financial statements as of and for the year ended December 31, 2025, the Notice and
this Proxy Statement are available on our Company’s website at https://investors.we.shop/. The contents of that website are not
a part of this Proxy Statement.
Additional
copies of the 2025 Annual Report on Form 20-F are available to shareholders at no charge upon written request. To obtain additional copies
of the 2025 Annual Report, please contact us at WeShop.cosec@jtcgroup.com.
PROPOSAL
NO. 1 – RE-ELECTION OF DIRECTORS
Our
business and affairs are managed by, or under the direction or supervision of, our board of directors (“Board”). Our
Board has all the powers necessary for managing, and for directing and supervising, our business and affairs and may exercise all our
company powers and do all such lawful acts and things as are not by applicable law or our amended and restated memorandum and articles
of association (“Memorandum and Articles of Association”) required to be exercised or done by our shareholders. Accordingly,
our Board has significant discretion (and, regarding the vast majority of management and governance matters, exclusive discretion) in
the management and control of our business and affairs.
Our
Board currently consists of eight (8) members. Our Memorandum and Articles of Association authorize us to have up to seven (7) directors
or such other number of directors as is from time to time fixed by resolution of the board. The Board has authorised an increase in the
maximum number of directors permitted on the board to eight (8) directors by written resolution.
Our
Board is divided into three (3) classes designated as the “Class I Directors,” “Class II Directors” and “Class
III Directors”. Pursuant to our Memorandum and Articles of Association, the initial term of office of the Class I Directors shall
expire at the Annual General Meeting to be held in 2026; the initial term of office of the Class II Directors shall expire at the Annual
General Meeting to be held in 2027; the initial term of office of the Class III Directors shall expire at the Annual General Meeting
to be held in 2028. At each Annual General Meeting following the expiration of the initial terms, the successors to the class of Directors
whose term then expires shall be elected to hold office for a term of three (3) years (or until their successors have been duly elected
and qualified, or until their earlier death, resignation, retirement, disqualification or removal).
Our
incumbent Class I, II and III Directors are divided among the three classes as follows:
| ● | the
Class I Directors are Oana Crisan, Andrew Fearon and Oliver Egerton-Vernon, and their current
terms will expire at the Meeting; |
| | | |
| ● | the
Class II Directors are Johnny Hickling and Paul Ellerbeck, and their current terms will expire
at the Annual General Meeting to be held in 2027; and |
| | | |
| ● | the
Class III Directors are John Foley, Paul Teasdale and Maria Weaver, and their terms will
expire at the Annual General Meeting to be held in 2028. |
Action
will be taken at the Meeting for the re-election of Oana Crisan, Andrew Fearon and Oliver Egerton-Vernon as Class I Directors.
Unless
otherwise instructed, the persons named in the form of proxy card (the “proxyholders”) included with this Proxy Statement
intend to vote the proxies held by them “FOR” the re-election of the Class I Director nominees named above. Each of the nominees
have indicated that they will be willing and able to serve as directors. If any of these nominees ceases to be a candidate for re-election
by the time of the Meeting (a contingency which the Board does not expect to occur), such proxies may be voted by the proxyholders in
accordance with the recommendation of the Board.
Elections
for Class I, II and III Directors will take place by an affirmative vote of a majority of in excess of fifty per cent (50%) of the votes
of the Shares entitled to vote thereon in respect of which the Shareholders holding the Shares were present at the meeting in person,
or by proxy, and being Shares in respect of which the votes were voted.
Nominees
for Re-election as Class I Directors
The
following information describes the experience and qualifications of Oana Crisan, Andrew Fearon and Oliver Egerton-Vernon, each of whom
is nominated for re-election:
Oana
Crisan has served as a director on our Board since October 2020. Between March 2018 and July 2026, Mrs. Crisan also served as a director
on the Board of Garfield-Bennett Trust Company (a regulated corporate services provider based in Jersey). Prior to joining Garfield-Bennett
Trust Company in 2016, Mrs. Crisan worked at Coutts & Co Trustees which she joined in 2010. Mrs. Crisan started her career in Brasov,
Romania working for both Raiffeisen Bank and Millennium Bank before joining a public authority.
Oliver
Egerton-Vernon has served as a director on our Board since October 2020. Between February 2017 and July 2026, Mr. Egerton-Vernon
served as a director on the Board of Garfield-Bennett Trust Company (a regulated corporate services provider based in Jersey) where he
practiced since 2013. Mr. Egerton-Vernon is a qualified English Solicitor and between 2009 and 2013 practiced with Mourant Ozannes in
Jersey. Prior to this, Mr. Egerton-Vernon qualified and practiced in the City of London with Taylor Wessing. Mr. Egerton-Vernon has been
involved in several significant legal cases in Jersey (including attendance at all levels up to the Privy Council) as well as in England
and Wales.
Andrew
Fearon has served as a director on our Board since October 2020. Mr. Fearon is the joint CEO and founder of Titan Wealth group which
he launched in July 2021. The business, which is backed by US private equity Parthenon Capital and Ares Management, offers clients all
aspects of wealth management and currently manages more than £38bn of assets both in the UK and internationally. Mr. Fearon also
runs a family office with his business partner called Hyperion Equity Partners that specializes in buy and build strategies in fragmented
sectors in the UK. Mr. Fearon started his career as a corporate lawyer in London and since 2000 has been involved in several business
start-ups and growth capital ventures.
Board
Committees
We
have the following committees of the Board:
Audit
Committee, which, if Mr. Andrew Fearon is re-elected as a Class I Director, will continue to consist of John Foley, Paul Teasdale
and Andrew Fearon. Our Board has determined that each member of the audit committee is “independent” as that term is defined
in Nasdaq rules and has sufficient knowledge in financial and auditing matters to serve on the audit committee. In addition, our Board
has determined that each member of the audit committee meets the heightened independence requirements for audit committees required under
Section 10A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and related SEC and Nasdaq rules.
Our Board has determined that John Foley is an “audit committee financial expert,” as defined under the applicable rules
of the SEC.
Compensation
Committee, which, if Mr. Andrew Fearon is re-elected as a Class I Director, will continue to consist of John Foley, Paul Teasdale
and Andrew Fearon. Paul Teasdale serves as the chairperson of the committee. Our Board has determined that each member of the compensation
committee is “independent” as that term is defined in Nasdaq rules. In addition, our Board has determined that each member
of the compensation committee meets the heightened independence requirements for compensation committee purposes under Section 10C of
the Exchange Act and related SEC and Nasdaq rules.
THE
BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE “FOR” THE RE-ELECTION OF EACH OF THE DIRECTOR NOMINEES NAMED ABOVE.
PROPOSAL
NO. 2 – RE-APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
WithumSmith+Brown
PC served as our independent registered public accounting firm for the fiscal year ending December 31, 2025. It is proposed that WithumSmith+Brown
PC be re-appointed as our independent registered public accounting firm to hold office from the conclusion of the 2026 Annual General
Meeting until the conclusion of the next annual general meeting of the Company.
Although
re-appointment is not required by our articles of association or otherwise, the Board is submitting the re-appointment of WithumSmith+Brown
PC to our shareholders for approval because we value our shareholders’ views on the Company’s independent registered public
accounting firm. If the shareholders fail to approve this selection, our Board and Audit Committee will consider the outcome of the vote
in determining whether to retain this firm for the fiscal year ending December 31, 2026. Even if the selection is approved, our Audit
Committee in its discretion may direct the appointment of different independent auditors at any time during the year if it determines
that such a change would be in the best interests of our Company and shareholders.
The
shares represented by your proxy will be voted “FOR” the approval of the re-appointment of WithumSmith+Brown PC unless
you specify otherwise.
THE
BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE “FOR” THE RE-APPOINTMENT OF WITHUMSMITH+BROWN PC AS OUR INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM TO HOLD OFFICE FROM THE CONCLUSION OF THE 2026 ANNUAL GENERAL MEETING UNTIL THE CONCLUSION OF THE NEXT ANNUAL
GENERAL MEETING OF THE COMPANY.
DOCUMENTS
ON DISPLAY
The
2025 Annual Report on Form 20-F filed with the SEC on April 30, 2026 and as may be amended is available for viewing and downloading on
the SEC’s website at www.sec.gov as well as on the SEC Filings section of the Company’s website at https://investors.we.shop/financials-filings/sec-filings.
The
Company is subject to the information reporting requirements of the U.S. Securities Exchange Act of 1934, as amended, applicable to foreign
private issuers. The Company fulfils these requirements by filing reports with the SEC. The Company’s SEC filings are available
to the public on the SEC’s website at www.sec.gov. As a foreign private issuer, the Company is exempt from the rules under
the Exchange Act related to the furnishing and content of proxy statements. The circulation of this Proxy Statement should not be taken
as an admission that the Company is subject to those proxy rules.
OTHER
MATTERS
We
know of no other matters to be submitted at the 2026 Annual General Meeting. If any other matters properly come before the 2026 Annual
General Meeting, it is the intention of the proxy holders to vote the shares they represent in accordance with their best judgment, unless
you direct them otherwise in your proxy instructions.
Whether
or not you intend to be present at the 2026 Annual General Meeting, we urge you to submit your signed proxy promptly.

