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PRESS: Hut Group May Unveil London IPO Plans On Thursday - Sky News

Wed, 26th Aug 2020 16:52

(Alliance News) - Retailer and consumer goods firm The Hut Group Ltd will this week outline plans for a London float, Sky News reported on Wednesday.

Sky News reported that the company could unveil plans as early as Thursday and has eyed September 16 as its first day of trading.

The Manchester-based company is eyeing a GBP4.5 billion stock market floatation, according to Sky News.

The broadcaster also reported that the company has a "long-standing" incentive plan which could see Hut Group's Chair Matthew Moulding awarded GBP700 million in stock should the firm achieve a market capitalisation of GBP7.25 billion by December 2022.

https://news.sky.com/story/4-5bn-float-puts-the-hut-group-founder-in-line-for-700m-share-windfall-12056992

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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