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LONDON - THG PLC, a global technology platform company, has completed an equity placing, issuing 68,527,697 new Ordinary Shares, which represents approximately 5.18% of the company’s existing issued Ordinary Shares prior to the placing. The transaction was finalized with the settlement and admission of the Placing Shares at 8.00 am on March 28, 2025.
The aggregate proceeds from the equity placing amounted to approximately £22.13 million. The placing price was 32.3 pence per share, a 5% discount to the closing price on March 24, 2025. This move is part of a comprehensive refinancing exercise by THG, details of which were outlined in the initial placing announcement.
In the allocation process, the company adhered to soft pre-emption principles, involving management in the process, in compliance with the MIFID II Allocation requirements. Prior to the equity placing, THG consulted with a number of its major shareholders and respected the principles of pre-emption through the allocation process.
A retail offer was not included in this equity raise, as the relevant prospectus exemption, which allows for an offer consideration of €8 million or less over a 12-month period, had been substantially depleted by a £5.4 million retail offer in October 2024.
The proceeds from the equity placing are earmarked for the company’s broader refinancing strategy, as previously announced. This information is based on a press release statement from THG PLC.
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