THG Completes £22.13 Million Equity Raise
Why we think this is neutral
This RNS announcement provides details on an equity raise completed by THG Plc, but does not contain any of the mandatory news types that would require a more detailed analysis. As such, the sentiment is assessed as neutral.
Key Points
- THG Plc has completed a £22.13 million equity raise
- The company issued 68,527,697 new ordinary shares, representing 5.18% of existing issued share capital
- The placing price was 32.3 pence per share, a 5% discount to the closing price on 24 March 2025
- The proceeds will be used towards a comprehensive refinancing exercise
Summary
The retailer has completed a £22.13 million equity raise, with the proceeds to be used towards a comprehensive refinancing exercise.
THG Plc has announced the completion of a non-pre-emptive equity raise, issuing 68,527,697 new ordinary shares representing approximately 5.18% of the company's existing issued share capital. The aggregate proceeds from the equity placing amounted to approximately £22.13 million, with the funds to be used towards a comprehensive refinancing exercise contemplated by the company. The placing price of 32.3 pence per share represented a 5% discount to the closing price on 24 March 2025.
GENERAL UPDATE