THG (GB:THG) has released an update.
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THG PLC has successfully raised approximately £95.4 million through the issuance of new Ordinary Shares, representing 14.6% of its existing shares. The capital raised will support funding for IngenuityCo and general corporate purposes, with retail investors participating alongside institutional investors at a 5.2% discount. This fundraising effort reflects THG’s strategic move to enhance its financial position and engage its shareholder base.
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