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THG plc (THG) ORD GBP0.005

Sell:45.36p Buy:45.64p 0 Change: No change
Market closed |  Prices as at close on 24 December 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-capitalisation | Demerger

THG plc ORD GBP0.005

Type:
Demerger
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 Dec 2024)

THG plc is splitting off its Ingenuity business into a separate private company. Shareholders have the option of electing to receive unlisted Ingenuity shares in place of some of their THG shares or do nothing and retain their THG holding in full.

 

The Ingenuity shares will not be listed on any exchange and will therefore not be tradeable. The company have advised that there may be a matched bargain facility enabled via JP Jenkins from 2 January 2025, however there is no certainty that shareholders will be able to trade. The Ingenuity shares will be of uncertain value, will not be transferable, and there can be no assurance that they can be sold in the future.

 

If you want to receive Ingenuity shares you have a basic entitlement to receive new shares in place of approximately 13.4% of your THG plc shareholding. You can elect for more or less than this, but you might not receive all the shares you request above this entitlement. Elections for shares above will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back. You will receive 1 new unlisted Ingenuity share for each THG plc share successfully exchanged.

 

Elect to receive unlisted Ingenuity shares – Act by noon on Wednesday 18 December 2024

 

Before making an election you should read the full terms and risk factors of the unlisted Ingenuity shares at https://www.thg.com/investor-relations/ingenuity-demerger.

 

If you do nothing, you will retain your current holding of THG plc shares and you will not receive any new Ingenuity shares.

 

Important Information for ISA holders

 

As Ingenuity shares will not be listed on an exchange, they will not meet the HMRC rules to be held within a Stocks & Shares ISA and therefore will need to be removed from a Stocks & Shares ISA within 30 days of receipt. If you hold THG shares in your Stocks & Shares ISA and you elect to receive Ingenuity shares we will contact you again once you have received the new shares.

 

The proposals are subject to shareholder approval at a meeting to be held on 27 December 2024. If it goes ahead and you elect to receive new shares, the Ingenuity shares will be added to your account from 2 January 2025.

 

The Directors consider the proposed demerger to be in the best interests of shareholders and the terms of the Ingenuity distribution to be fair and reasonable, however the Board is not making any recommendation to shareholders as to whether or not they should elect to receive Ingenuity shares.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:45.36p
Buy:45.64p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 24 December 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-capitalisation | Demerger

THG plc ORD GBP0.005

Type:
Demerger
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 Dec 2024)

THG plc is splitting off its Ingenuity business into a separate private company. Shareholders have the option of electing to receive unlisted Ingenuity shares in place of some of their THG shares or do nothing and retain their THG holding in full.

 

The Ingenuity shares will not be listed on any exchange and will therefore not be tradeable. The company have advised that there may be a matched bargain facility enabled via JP Jenkins from 2 January 2025, however there is no certainty that shareholders will be able to trade. The Ingenuity shares will be of uncertain value, will not be transferable, and there can be no assurance that they can be sold in the future.

 

If you want to receive Ingenuity shares you have a basic entitlement to receive new shares in place of approximately 13.4% of your THG plc shareholding. You can elect for more or less than this, but you might not receive all the shares you request above this entitlement. Elections for shares above will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back. You will receive 1 new unlisted Ingenuity share for each THG plc share successfully exchanged.

 

Elect to receive unlisted Ingenuity shares – Act by noon on Wednesday 18 December 2024

 

Before making an election you should read the full terms and risk factors of the unlisted Ingenuity shares at https://www.thg.com/investor-relations/ingenuity-demerger.

 

If you do nothing, you will retain your current holding of THG plc shares and you will not receive any new Ingenuity shares.

 

Important Information for ISA holders

 

As Ingenuity shares will not be listed on an exchange, they will not meet the HMRC rules to be held within a Stocks & Shares ISA and therefore will need to be removed from a Stocks & Shares ISA within 30 days of receipt. If you hold THG shares in your Stocks & Shares ISA and you elect to receive Ingenuity shares we will contact you again once you have received the new shares.

 

The proposals are subject to shareholder approval at a meeting to be held on 27 December 2024. If it goes ahead and you elect to receive new shares, the Ingenuity shares will be added to your account from 2 January 2025.

 

The Directors consider the proposed demerger to be in the best interests of shareholders and the terms of the Ingenuity distribution to be fair and reasonable, however the Board is not making any recommendation to shareholders as to whether or not they should elect to receive Ingenuity shares.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:45.36p
Buy:45.64p
Change: No change
Market closed |  Prices as at close on 24 December 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-capitalisation | Demerger

THG plc ORD GBP0.005

Type:
Demerger
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 Dec 2024)

THG plc is splitting off its Ingenuity business into a separate private company. Shareholders have the option of electing to receive unlisted Ingenuity shares in place of some of their THG shares or do nothing and retain their THG holding in full.

 

The Ingenuity shares will not be listed on any exchange and will therefore not be tradeable. The company have advised that there may be a matched bargain facility enabled via JP Jenkins from 2 January 2025, however there is no certainty that shareholders will be able to trade. The Ingenuity shares will be of uncertain value, will not be transferable, and there can be no assurance that they can be sold in the future.

 

If you want to receive Ingenuity shares you have a basic entitlement to receive new shares in place of approximately 13.4% of your THG plc shareholding. You can elect for more or less than this, but you might not receive all the shares you request above this entitlement. Elections for shares above will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back. You will receive 1 new unlisted Ingenuity share for each THG plc share successfully exchanged.

 

Elect to receive unlisted Ingenuity shares – Act by noon on Wednesday 18 December 2024

 

Before making an election you should read the full terms and risk factors of the unlisted Ingenuity shares at https://www.thg.com/investor-relations/ingenuity-demerger.

 

If you do nothing, you will retain your current holding of THG plc shares and you will not receive any new Ingenuity shares.

 

Important Information for ISA holders

 

As Ingenuity shares will not be listed on an exchange, they will not meet the HMRC rules to be held within a Stocks & Shares ISA and therefore will need to be removed from a Stocks & Shares ISA within 30 days of receipt. If you hold THG shares in your Stocks & Shares ISA and you elect to receive Ingenuity shares we will contact you again once you have received the new shares.

 

The proposals are subject to shareholder approval at a meeting to be held on 27 December 2024. If it goes ahead and you elect to receive new shares, the Ingenuity shares will be added to your account from 2 January 2025.

 

The Directors consider the proposed demerger to be in the best interests of shareholders and the terms of the Ingenuity distribution to be fair and reasonable, however the Board is not making any recommendation to shareholders as to whether or not they should elect to receive Ingenuity shares.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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Business summary

THG PLC is a vertically integrated global ecommerce technology company. The Company owns brands through its technology platform, THG Ingenuity. THG Ingenuity provides end-to-end ecommerce solutions powering the Company’s brands offering alongside external, third-party brands to reach a global ecommerce consumer base. The Company’s business is operated through three divisions: THG Beauty, which is operates pure-play sites such as LOOKFANTASTIC, Cult Beauty and Dermstore, offering more than 1,300 brands across the skincare, haircare, cosmetics, and fragrance categories. THG Nutrition, which includes online sports nutrition brand Myprotein and its family brands (Myvegan, Myvitamins, MP Activewear and MyPRO) with an integrated business model, and THG Ingenuity commerce provides direct-to-consumer e-commerce solution for consumer brand owners s across its technology, digital marketing, and operations. THG Ingenuity also includes media related services.

Contact details

Address:
5th Floor, Voyager House
MANCHESTER
M90 3DQ
United Kingdom
Telephone:
+ (0)
Website:
https://www.thg.com/

Important dates

Future events
There are no future events available.
Past events
General meeting 27 December 2024 27/12/24
Trading Announcement 10 October 2024 10/10/24
Interim results 17 September 2024 17/09/24
Trading Announcement 24 June 2024 24/06/24
AGM 24 June 2024 24/06/24
Annual report 29 April 2024 29/04/24
Trading Announcement 23 April 2024 23/04/24
Trading Announcement 22 April 2024 22/04/24
Final results 10 April 2024 10/04/24
Trading Announcement 17 January 2024 17/01/24

General stock information

EPIC:
THG
ISIN:
GB00BMTV7393
Market cap:
£691.48 million
Shares in issue:
1.53 billion
Sector:
No specific Industry
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Key personnel

  • Matthew Moulding
    Chief Executive Officer, Co-Founder, Executive Director
  • John Gallemore
    Co-Founder, Chief Operating Officer, Executive Director
  • Damian Sanders
    Chief Financial Officer, Executive Director
  • James Pochin
    General Counsel and Company Secretary

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.