THG Seeks London Listing for 40.6m New Shares Under Incentive Plan

THG ( (GB:THG) ) has provided an update.

THG PLC has applied to the London Stock Exchange for 40,611,605 new ordinary voting shares of £0.005 each to be admitted to trading, with admission expected on 23 January 2026. The new shares, issued under the company’s 2022 Long Term Incentive Plan overwhelmingly approved by shareholders, will rank pari passu with existing stock and increase THG’s total voting rights to 1,640,392,742, a change that shareholders must factor into regulatory disclosures regarding their holdings.

The most recent analyst rating on (GB:THG) stock is a Hold with a £43.00 price target. To see the full list of analyst forecasts on THG stock, see the GB:THG Stock Forecast page.

Spark’s Take on GB:THG Stock

According to Spark, TipRanks’ AI Analyst, GB:THG is a Neutral.

THG’s overall stock score reflects a mix of significant financial challenges and positive strategic developments. The financial performance is the most critical factor, with high leverage and ongoing losses weighing heavily. However, technical indicators and corporate events show positive momentum and strategic growth, providing a more optimistic outlook.

To see Spark’s full report on GB:THG stock, click here.

More about THG

THG PLC is a UK-listed company whose shares trade on the London Stock Exchange. It operates through a structure that issues ordinary voting shares and uses equity-based incentive plans to reward and align management and employees with shareholder interests.

Average Trading Volume: 3,978,401

Technical Sentiment Signal: Hold

Current Market Cap: £713.9M

Learn more about THG stock on TipRanks’ Stock Analysis page.