Business
Results of Placing
Results of Placing.
About this update from Thg Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\nFURTHER, THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nTERMS USED IN THIS ANNOUNCEMENT HAVE THE SAME MEANING GIVEN TO THEM AS DEFINED IN THE PLACING ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\nFOR IMMEDIATE RELEASE\n \n \n25 March 2025\n \n \nTHG PLC\nResults of Placing\n \n· Successful fundraise of £90 million, oversubscribed with support from new investors and existing shareholders, including a £60 million contribution from Matthew Moulding. The Equity Contribution is comprised of:\no £30 million placing of new Ordinary Shares;\no £55 million convertible loan entered into by Matthew Moulding; and\no £5 million of partly paid shares, paid up by Matthew Moulding.\n· Equity Contribution to be used alongside company cash to reduce gross leverage through early repayment of the Term Loan A (£109 million) and downsizing the TLB by €125 million to €475 million.\n· Following on from the Ingenuity demerger and FTSE 250 inclusion, the Equity Placing and collective refinancing represents another significant step in THG's simplified debt and equity investment case as a cash generative global retailer and brand owner, well positioned to deliver on its next phase of development in its growing consumer markets.\n \n \nTHG PLC (\"THG\", the \"Company\") is pleased to announce the results of the Equity Placing of new Ordinary Shares announced yesterday (the \"Placing Announcement\").\n \nA total of 91,855,591 new Ordinary Shares, representing 6.95 per cent. of the existing issued Ordinary Shares of the Company prior to the Equity Placing, will be issued in the Equity Placing, pursuant to the ABB, at the Placing Price to raise gross proceeds of approximately £29.7 million.\n \nThe Placing Price of 32.3 pence represents a ...