31st Mar 2025 15:23
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Frasers Group PLC ups stake in THG to 10.9%, as of Friday, from 6.1%. Frasers now holds 151.9 million shares in the company, THG says in a stock exchange announcement on Monday, providing no other details. At the current market price, the stake is worth GBP49.1 million. Back in June, Shirebrook, England-based retailer Frasers and THG signed a cooperation agreement that included the launch of THG's Myprotein products in Frasers' Sports Direct stores. In October, Frasers invested GBP10 million in THG by taking part in an equity raise conducted to support the spin-off of THG's Ingenuity technology business. Frasers took a 4.8% stake in January this year, which was increased to 6.1% early in March. Last Thursday, THG confirmed the structure of its GBP90 million fundraise, consisting of a GBP22 million share placing and a GBP68 million convertible loan, with Founder & Chief Executive Officer Matthew Moulding contributing two-thirds of the total.
THG stock price: 32.42 pence, down 3.6% on Monday afternoon in London
12-month change: down 51%
By Michael Hennessey, Alliance News reporter
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