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THG PLC Announces Ingenuity Demerger and Fundraise Effort
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THG PLC Announces Ingenuity Demerger and Fundraise Effort

THG (GB:THG) has released an update.

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THG PLC has announced plans for a significant restructuring, aiming to demerge its Ingenuity division into a private entity and raise approximately £75 million through a mix of Placing, Subscription, and a Retail Offer. CEO Matthew Moulding and other key shareholders are set to invest around £33 million in the plan, which is designed to simplify THG’s business model and strengthen its financial position as it continues to focus on its Beauty and Nutrition divisions.

For further insights into GB:THG stock, check out TipRanks’ Stock Analysis page.

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