6th Jan 2025 11:39
THG PLC - Manchester-based e-commerce retailer of consumer beauty and nutrition products - Says it has received approval from the UK Financial Conduct Authority for the transfer of its shares to the equity shares (commercial companies) category of the Official List, from the equity shares (transition) category. The move came into effect on Monday, making the group eligible for inclusion on the FTSE UK index.
THG had previously planned to move to the 'premium' listing segment in London, with Founder & Chief Executive Officer Matthew Moulding clearing the way to do so by giving up his 'golden share' with its voting special rights in 2023. Since then, the FCA has made changes to its UK listing rules, creating the new categories.
Current stock price: 46.33 pence, up 12% in London on Monday morning
12-month change: down 37%
By Emily Parsons, Alliance News reporter
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