THG (GB:THG) has released an update.
THG PLC has announced a new retail offer of shares available through the PrimaryBid platform, with the issue price to be determined at the close of a bookbuilding process. This offer is part of a larger equity fundraising effort, which includes a non-pre-emptive placing and a subscription totaling £75 million, aimed to support the demerger of its Ingenuity division. Retail investors in the UK can participate with a minimum subscription of £250, and the offer is scheduled to close in tandem with the bookbuilding for the placing.
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