Business
Removal of the Special Share
Removal of the Special Share.
About this update from Thg Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3078P\n THG PLC\n 18 October 2021\n \n \n \n \n 18 October 2021\n \n \n \n \n \n THG PLC\n \n \n \n \n \n Removal of the Special Share\n \n \n and\n \n \n Commitment to apply to the Premium Segment of the Main Market in 2022\n \n \n \n \n \n \n \n \n Special Share removal & application to the Premium Segment of the Main Market\n \n \n \n \n \n THG PLC (\"THG or the \"Group\") announces that Matthew Moulding, CEO, in furtherance of good corporate governance, has confirmed his intention to cancel his Special Share rights. This cancellation will facilitate the Group's application to step-up to the Premium segment of the Main Market of the London Stock Exchange in 2022.\n \n \n \n \n \n Features of a Premium Listing for consideration by shareholders include:\n \n \n \n \n \n ·\n the opportunity to vote on any future material acquisitions in accordance with Chapter 10 of the Listing Rules;\n \n \n ·\n the Group will be required to comply with the requirements of Chapter 11 of the Listing Rules relating to the announcement and, in some cases, the approval, of related party transactions (as defined in the Listing Rules); and\n \n \n ·\n a Premium Listing will permit THG to gain UK FTSE indexation. \n \n \n \n \n \n While the Group currently complies with many aspects of the UK Corporate Governance Code published by the Financial Reporting Council, THG's Board intends to undertake a further review of its corporate governance arrangements in conjunction with its application to step-up to a Premium Listing. \n \n \n \n \n \n Matthew Moulding, CEO, commented:\n \n \n \n \n \n \n \"After the anniversary of our 2020 listing we feel that the time is right to make this next step and apply to the Premium segment in 2022, thereby continuing the development of THG as we endeavour to deliver our strategy for the benefit of our shareholders, key stakeholders and employees.\" \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n \n \n \n Investor enquiries - THG PLC\n \n \n \n \n \n \n \n \n \n Kate Grimoldby\n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n Media enquiries:\n \n \n \n \n \n \n \n \n \n Powerscourt - Financial PR ad...