THG founder boosts stake through equity fundraise

LONDON - THG PLC announced that its founder and CEO, Matthew Moulding, has reinforced his commitment to the company by participating significantly in a recent oversubscribed equity fundraise. As a result of the fundraising, which took place on March 28, 2025, Moulding’s equity interest in the e-commerce company now stands at approximately 25% on a fully diluted basis.

The equity interest comprises 98,596,539 ordinary voting shares, 122,190,088 unlisted ordinary shares, and a conversion right for an additional 209,086,407 ordinary voting shares through a Convertible Loan. To meet the demand from new and existing investors, Moulding transferred 23,327,894 ordinary voting shares to the placing book, and the gross proceeds from this transfer were entirely reinvested into THG by way of the Convertible Loan.

Moulding’s net contribution to the equity fundraise was reported to be £60 million. The transaction, which took place on the London Stock Exchange (LON:LSEG), did not result in any proceeds for Moulding or any closely associated persons, as all funds were reinvested into the company.

The notifications were made in accordance with the Disclosure Guidance and Transparency Rules and the UK Market Abuse Regulation. This strategic move by Moulding reflects a strong vote of confidence in the company’s future prospects and is intended to satisfy investor demand.

As part of the transaction, FIC Shareco Limited, a person closely associated with Moulding, now holds a total of 98,596,539 voting rights, amounting to 7.09% of THG’s total voting rights. The notification of this change in shareholding was completed on March 31, 2025.

This information is based on a press release statement from THG PLC.

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