THG (GB:THG) has released an update.
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THG PLC has announced the demerger of its Ingenuity business into a separate private entity, giving shareholders an opportunity to receive Ingenuity shares through a preferential distribution. The company has sent out a circular detailing the terms of the demerger and has scheduled a general meeting on December 27, 2024, to discuss the proposal. The demerger is expected to be completed by January 2, 2025, potentially influencing THG’s market dynamics and shareholder value.
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