LONDON - THG PLC, the British e-commerce company, announced a significant share redesignation following the completion of the demerger of its Ingenuity division. The transaction, which took place outside of a trading venue on December 30, 2024, involved key management personnel and closely associated persons.
Chief Executive Officer Matthew Moulding now holds a total of 244,114,521 shares in the company, divided into 121,924,433 ordinary voting shares and 122,190,088 unlisted ordinary shares, each with a nominal value of £0.005. In a related move, a portion of ordinary shares was redesignated to B ordinary shares at no cost, with Moulding’s redesignation involving 11,835,595 shares.
FIC Shareco Limited, a person closely associated with Moulding, also participated in the redesignation, converting 81,296,802 ordinary shares to B ordinary shares. Jodie Moulding, another person closely associated with the CEO, followed suit with 4,095,428 shares.
Additionally, Charles Allen, Lord Allen of Kensington CBE, the Independent (LON:IOG) Non-Executive Chair of THG PLC, and Damian Sanders, Executive Director and Chief Financial Officer, were part of the transaction, redesignating 393,689 and 129,000 ordinary shares to B ordinary shares, respectively.
Subsequent to the initial redesignation, a further transaction on January 2, 2025, saw the conversion of B ordinary shares to deferred 1 shares for the same individuals and associated entities. This second step involved identical volumes to the initial redesignation for each party.
The company has made these announcements in line with the UK Market Abuse Regulation requirements. The LEI provided for THG PLC is 21380066N3SV9O8IDP37. The ISIN for the ordinary voting shares is GB00BMTV7393, while the B ordinary shares do not have an ISIN as they are unlisted.
THG PLC’s latest corporate actions come after the company’s strategic decision to demerge its Ingenuity business, which has been a focal point for investors tracking the company’s structural and operational changes. The transactions were reported in a press release statement, providing transparency about the shareholding changes among the company’s management and associated persons.
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