An update from THG ( (GB:THG) ) is now available.
THG PLC announced the completion of a non-pre-emptive equity issue, raising approximately £22.13 million through the issuance of 68,527,697 new Ordinary Shares, representing about 5.18% of the existing shares. The proceeds are earmarked for a comprehensive refinancing exercise, and the allocation process adhered to pre-emption principles, with major shareholders consulted prior to the equity placing.
More about THG
THG PLC operates in the e-commerce and technology sector, focusing on online retail and digital services. The company is known for its proprietary technology platform that supports its diverse range of consumer brands and services, catering to a global market.
YTD Price Performance: -28.01%
Average Trading Volume: 6,532,634
Technical Sentiment Signal: Buy
Current Market Cap: £518.9M
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