THG ( (GB:THG) ) has issued an update.
THG PLC has successfully completed an oversubscribed equity fundraise, securing £90 million in gross proceeds. This includes a £22 million placing of new Ordinary Shares and a £68 million Convertible Loan. The Convertible Loan’s conversion date is deferred to December 2025, subject to shareholder approval, with potential for earlier conversion under specific conditions. This financial move is expected to enhance THG’s market positioning and operational capacity, with the board affirming the fairness and reasonableness of the Convertible Loan Agreement.
More about THG
THG PLC operates in the e-commerce and technology industry, focusing on online retail and digital services. The company is known for its consumer brands and technology platforms, primarily targeting global markets.
YTD Price Performance: -22.59%
Average Trading Volume: 6,031,786
Technical Sentiment Signal: Buy
Current Market Cap: £513.2M
For detailed information about THG stock, go to TipRanks’ Stock Analysis page.