THG (GB:THG) has released an update.
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THG PLC has successfully completed an oversubscribed fundraising round, raising £95.4 million to support the demerger of its Ingenuity division and enhance its financial profile. The fundraise drew strong support, with CEO Matthew Moulding contributing £10 million and strategic investment from Frasers Group reaffirming their multi-year partnership. The proceeds will also provide for general corporate purposes, while the shares were placed at a 5.2% discount to the closing price on the day before the announcement.
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