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THG plc (THG) ORD GBP0.005

Sell:51.70p Buy:51.90p 0 Change: 1.35p (2.54%)
Market closed |  Prices as at close on 13 December 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Demerger

THG plc ORD GBP0.005

Type:
Demerger
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 13 Dec 2024)

THG plc is splitting off its Ingenuity business into a separate private company. Shareholders have the option of electing to receive unlisted Ingenuity shares in place of some of their THG shares or do nothing and retain their THG holding in full.

 

The Ingenuity shares will not be listed on any exchange and will therefore not be tradeable. The company have advised that there may be a matched bargain facility enabled via JP Jenkins from 2 January 2025, however there is no certainty that shareholders will be able to trade. The Ingenuity shares will be of uncertain value, will not be transferable, and there can be no assurance that they can be sold in the future.

 

If you want to receive Ingenuity shares you have a basic entitlement to receive new shares in place of approximately 13.4% of your THG plc shareholding. You can elect for more or less than this, but you might not receive all the shares you request above this entitlement. Elections for shares above will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back. You will receive 1 new unlisted Ingenuity share for each THG plc share successfully exchanged.

 

Elect to receive unlisted Ingenuity shares – Act by noon on Wednesday 18 December 2024

 

Before making an election you should read the full terms and risk factors of the unlisted Ingenuity shares at https://www.thg.com/investor-relations/ingenuity-demerger.

 

If you do nothing, you will retain your current holding of THG plc shares and you will not receive any new Ingenuity shares.

 

Important Information for ISA holders

 

As Ingenuity shares will not be listed on an exchange, they will not meet the HMRC rules to be held within a Stocks & Shares ISA and therefore will need to be removed from a Stocks & Shares ISA within 30 days of receipt. If you hold THG shares in your Stocks & Shares ISA and you elect to receive Ingenuity shares we will contact you again once you have received the new shares.

 

The proposals are subject to shareholder approval at a meeting to be held on 27 December 2024. If it goes ahead and you elect to receive new shares, the Ingenuity shares will be added to your account from 2 January 2025.

 

The Directors consider the proposed demerger to be in the best interests of shareholders and the terms of the Ingenuity distribution to be fair and reasonable, however the Board is not making any recommendation to shareholders as to whether or not they should elect to receive Ingenuity shares.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:51.70p
Buy:51.90p
Change: 1.35p (2.54%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 13 December 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Demerger

THG plc ORD GBP0.005

Type:
Demerger
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 13 Dec 2024)

THG plc is splitting off its Ingenuity business into a separate private company. Shareholders have the option of electing to receive unlisted Ingenuity shares in place of some of their THG shares or do nothing and retain their THG holding in full.

 

The Ingenuity shares will not be listed on any exchange and will therefore not be tradeable. The company have advised that there may be a matched bargain facility enabled via JP Jenkins from 2 January 2025, however there is no certainty that shareholders will be able to trade. The Ingenuity shares will be of uncertain value, will not be transferable, and there can be no assurance that they can be sold in the future.

 

If you want to receive Ingenuity shares you have a basic entitlement to receive new shares in place of approximately 13.4% of your THG plc shareholding. You can elect for more or less than this, but you might not receive all the shares you request above this entitlement. Elections for shares above will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back. You will receive 1 new unlisted Ingenuity share for each THG plc share successfully exchanged.

 

Elect to receive unlisted Ingenuity shares – Act by noon on Wednesday 18 December 2024

 

Before making an election you should read the full terms and risk factors of the unlisted Ingenuity shares at https://www.thg.com/investor-relations/ingenuity-demerger.

 

If you do nothing, you will retain your current holding of THG plc shares and you will not receive any new Ingenuity shares.

 

Important Information for ISA holders

 

As Ingenuity shares will not be listed on an exchange, they will not meet the HMRC rules to be held within a Stocks & Shares ISA and therefore will need to be removed from a Stocks & Shares ISA within 30 days of receipt. If you hold THG shares in your Stocks & Shares ISA and you elect to receive Ingenuity shares we will contact you again once you have received the new shares.

 

The proposals are subject to shareholder approval at a meeting to be held on 27 December 2024. If it goes ahead and you elect to receive new shares, the Ingenuity shares will be added to your account from 2 January 2025.

 

The Directors consider the proposed demerger to be in the best interests of shareholders and the terms of the Ingenuity distribution to be fair and reasonable, however the Board is not making any recommendation to shareholders as to whether or not they should elect to receive Ingenuity shares.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:51.70p
Buy:51.90p
Change: 1.35p (2.54%)
Market closed |  Prices as at close on 13 December 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Demerger

THG plc ORD GBP0.005

Type:
Demerger
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 13 Dec 2024)

THG plc is splitting off its Ingenuity business into a separate private company. Shareholders have the option of electing to receive unlisted Ingenuity shares in place of some of their THG shares or do nothing and retain their THG holding in full.

 

The Ingenuity shares will not be listed on any exchange and will therefore not be tradeable. The company have advised that there may be a matched bargain facility enabled via JP Jenkins from 2 January 2025, however there is no certainty that shareholders will be able to trade. The Ingenuity shares will be of uncertain value, will not be transferable, and there can be no assurance that they can be sold in the future.

 

If you want to receive Ingenuity shares you have a basic entitlement to receive new shares in place of approximately 13.4% of your THG plc shareholding. You can elect for more or less than this, but you might not receive all the shares you request above this entitlement. Elections for shares above will only be satisfied to the extent that other shareholders make equal and opposite elections and may therefore be subject to scaling back. You will receive 1 new unlisted Ingenuity share for each THG plc share successfully exchanged.

 

Elect to receive unlisted Ingenuity shares – Act by noon on Wednesday 18 December 2024

 

Before making an election you should read the full terms and risk factors of the unlisted Ingenuity shares at https://www.thg.com/investor-relations/ingenuity-demerger.

 

If you do nothing, you will retain your current holding of THG plc shares and you will not receive any new Ingenuity shares.

 

Important Information for ISA holders

 

As Ingenuity shares will not be listed on an exchange, they will not meet the HMRC rules to be held within a Stocks & Shares ISA and therefore will need to be removed from a Stocks & Shares ISA within 30 days of receipt. If you hold THG shares in your Stocks & Shares ISA and you elect to receive Ingenuity shares we will contact you again once you have received the new shares.

 

The proposals are subject to shareholder approval at a meeting to be held on 27 December 2024. If it goes ahead and you elect to receive new shares, the Ingenuity shares will be added to your account from 2 January 2025.

 

The Directors consider the proposed demerger to be in the best interests of shareholders and the terms of the Ingenuity distribution to be fair and reasonable, however the Board is not making any recommendation to shareholders as to whether or not they should elect to receive Ingenuity shares.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
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The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
53.90p
Trade high:
55.00p
Year high:
88.98p
Market capitalisation
Market cap.
:
£791.87 million
Previous close:
53.25p
Trade low:
51.30p
Year low:
38.98p
P/E ratio:
n/a
Previous:
1.40p (2.70%) Previous:
1.40p
Volume:
8,633,575
Dividend yield:
n/a
EMS:
30,000
Data delayed by at least 15 minutes.

Share chart Chart

THG PLC performance chart

Performance

Not available for this stock.

Fundamental data

Year ending: 31/12/2023 31/12/2022
Revenue (£m) 2,045.38 2,239.23
Profit before tax (£m) (251.96) (549.73)
Adjusted EPS (p): (19.00) (44.00)
P/E ratio n/a n/a
PEG n/a n/a
EPS growth (%) n/a n/a

Values are quoted in the stock's local currency: British pound

All fundamental data

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.