IN BRIEF: THG CEO Matt Moulding ups stake to 25% with loan conversion
THG PLC - Manchester, England-based online retailer of sports nutrition and beauty products - Founder & Chief Executive Officer Matthew Moulding increases his total stake in THG to 25%, as he acquires 209.1 million new voting shares at 32.3 pence, worth GBP67.5 million, in a convertible loan conversion. Moulding now has 429.9 million shares, consisting of 307.7 million ordinary voting shares - a 19.2% voting stake, up from 7.1% - and 122.2 million unlisted ordinary shares. Moulding founded THG in 2004. At the start of this year, the FTSE 250 index constituent spun off e-commerce platform provider THG Ingenuity as a separate company whose shares are now traded on JP Jenkins. Read More