REG - THG PLC - Equity Raise Post-Transaction Report

THGAnnouncement

01/04/2025 12:00

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RNS Number : 1611D  THG PLC  01 April 2025

1 April 2025

THG PLC

Equity Raise Post-Transaction Report

 

In accordance with the Statement of Principles (November 2022) published by
the Pre-Emption Group, THG PLC ("THG" or the "Company"), announces the
following post transaction report in connection with the Company's
non-pre-emptive issue of equity securities, as announced on 24 March 2025.

 

Terms defined in the placing announcement issued on 24 March 2025 (the
"Placing Announcement") have the same meanings in this announcement unless the
context provides otherwise.

 

 Name of Issuer       THG PLC
 Transaction Details  The Company issued 68,527,697 new Ordinary Shares in total pursuant to the
                      ABB, representing approximately 5.18 per cent. of the Company's existing
                      issued Ordinary Shares prior to the Equity Placing.

                      Settlement and admission of the Placing Shares took place at 8.00 am on 28
                      March 2025.
 Use of Proceeds      As set out in the Placing Announcement and the result of placing announcement
                      issued on 25 March 2025, the proceeds of the Equity Placing will be used
                      towards the comprehensive refinancing exercise contemplated by the Company,
                      the details of which are set out in the Placing Announcement.
 Quantum of Proceeds  The aggregate proceeds from the Equity Placing amounted to approximately
                      £22.13 million.

 Discount             The Placing Price of 32.3 pence represented a discount of 5 per cent. to the
                      closing price on 24 March 2025.
 Allocations          Soft pre-emption has been adhered to in the allocations process, where
                      possible. Management (other than a director who participated in the Equity
                      Contribution) was involved in the allocations process, which has been carried
                      out in compliance with the MIFID II Allocation requirements.
 Consultation         The Company consulted with a number of its major shareholders prior to the
                      Equity Placing and has respected the principles of pre-emption through the
                      allocation process.
 Retail Investors     A retail offer was not considered practicable as the relevant prospectus
                      exemption (i.e. 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.

 

 

For further information, please contact:

 

 Investor Enquiries:                                                     Investor.Relations@thg.com

 Kate Grimoldby, Director of Investor Relations and Strategic Projects
 Media enquiries:                                                        +44 (0)20 7250 1446

 Sodali & Co - Financial PR adviser                                      thg@sodali.com

 Victoria Palmer-Moore / Russ Lynch
 THG PLC                                                                 media-enquiries@thg.com

 Barclays (Global Coordinator, Bookrunner and Joint Corporate Broker):   +44 (0)20 7623 2323

 Alastair Blackman

 Richard Bassingthwaighte

 Dominic Harper

 Callum West

 

 

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