Member Info for BAZGTR530

The share price also spiked to £1.45 on the bid news

The specific £1.70 per share (170p) offer was actually a separate, "unsolicited, highly preliminary and indicative non-binding proposal" from a consortium consisting of Belerion Capital and King Street Capital Management, which THG's board rejected for significantly undervaluing the company.

As above and the share price reacted accordingly to the rumoured offers and rose sharply but getting Moulding to engage proved impossible

I think Moulding and his board was spouting £2.50 before I answer the phone!!!

So yes £1.70 was floated in public

MTC

£1.70

Maybe I’m

Not sure but would there be leases to pay off

As in the tile says does anyone know where M found 60 million in cash to facilitate the CLN ?

Thats a chunk to have to find as it would be 120

Million pre tax

Crafty

The trades are miniscule,we have no idea who the trades are between or for what purpose

Mi doubting one year INGEN has traded one day of THG volume

CRAFTY IMO under the rules JP are making a connection,that’s all

It’s the same as an estate agent introduces a buyer to a seller

Then the seller and buyer form and agreement

However that agreement is under control of Ingenuity as per the rules below in your agreement to

when you took them 👇

Following the demerger of THG Ingenuity into an independent private company ("IngenuityCo"), specific covenants and restrictions have been put in place regarding the holding and selling of its shares. These are designed to maintain control over the share register of the now private, unlisted company.

Key covenants and restrictions include:

Mandatory Escrow Requirement: Shareholders who receive Ingenuity Shares in uncertificated form (via CREST) must transfer them into escrow with Equiniti Limited (EQ).

Restricted Transfers: Shares remain in escrow (CREST Participant ID: RA11, Member Account ID: EQESCROW) until authorization for any further transfer is obtained from IngenuityCo.

Shareholders’ Agreement & Articles: Transfer, sale, or disposal of shares must comply with the terms of the new Ingenuity Articles of Association and the Shareholders’ Agreement.

Matched Bargain Facility: As an unlisted, private company, IngenuityCo may introduce a "matched bargain facility" to manage liquidity, rather than a public market exchange.

Drag-Along Rights: The agreement includes provisions for a "Drag Notice" and "Drag-Along" rights, allowing majority holders to compel others to sell under certain conditions.

Restricted Persons: The agreement defines a "Restricted Person" to prevent unwanted parties from acquiring shares.

These measures ensure that while shareholders have economic exposure to IngenuityCo, the company operates as a controlled, private entity without a public trading facility.

CRAFTY No I do not own INGEN THG on a public exchange is bad enough

Are INGEN holders aware of these rules,to me this says Mouldy will decide who can and can’t sell shares and who to 👇

Following the demerger of THG Ingenuity into an independent private company ("IngenuityCo"), specific covenants and restrictions have been put in place regarding the holding and selling of its shares. These are designed to maintain control over the share register of the now private, unlisted company.

Key covenants and restrictions include:

Mandatory Escrow Requirement: Shareholders who receive Ingenuity Shares in uncertificated form (via CREST) must transfer them into escrow with Equiniti Limited (EQ).

Restricted Transfers: Shares remain in escrow (CREST Participant ID: RA11, Member Account ID: EQESCROW) until authorization for any further transfer is obtained from IngenuityCo.

Shareholders’ Agreement & Articles: Transfer, sale, or disposal of shares must comply with the terms of the new Ingenuity Articles of Association and the Shareholders’ Agreement.

Matched Bargain Facility: As an unlisted, private company, IngenuityCo may introduce a "matched bargain facility" to manage liquidity, rather than a public market exchange.

Drag-Along Rights: The agreement includes provisions for a "Drag Notice" and "Drag-Along" rights, allowing majority holders to compel others to sell under certain conditions.

Restricted Persons: The agreement defines a "Restricted Person" to prevent unwanted parties from acquiring shares.

These measures ensure that while shareholders have economic exposure to IngenuityCo, the company operates as a controlled, private entity without a public trading facility.

Does anyone know what covenants are in place to sell Infenuity shares

Selling shares in a private company is generally considered difficult and time-consuming compared to public stocks, primarily due to lack of a ready market, valuation hurdles, and legal restrictions. Key challenges include locating buyers, obtaining board approval, navigating pre-emption rights, and, often, a requirement to sell back to the company.

Crafty JP is you can offer your shares to trade,you then have to find a matched buyer

The buyer knows who the seller is and decides whether to proceed or not

Has anyone outside of insiders sold any INGEN shares, don’t forget these are not listed and to sell it’s like moving house

You need to find a buyer and complete the sale,I know many in private companies that have waited years to sell shares

Also the buyer knows WHO the seller is! It’s not a blind sale

@SJ74 I would appreciate you keeping a close eye on Mouldys titts to make sure they do not go up at any point in the future,particularly if they should point in Ingenuity's direction!

While your at it also a good idea to keep an eye on the cash!

I think whoever does the accounts for THG being a PLC needs to apply some very strict diligence if they are noticing large variables in the management accounts on numbers showing large swings pre and post demerger

Whenever I sat with our accountant's one of the BIG 4 we had to give written reasons for any swings versus previous years on any ups and downs with a full explanation

If THG is bleeding margin and gross which effects FCF I can’t see they can just skip over it or ignore it

The answer can’t be “don’t worry I’ve just upped the charges from my private company”

@shineyshoes07 many didn’t get a fair chance to take the ingenuity option due to trading platform restrictions. Also why should you pay again for something you already owned and had paid for.

Reading the rules of a PLC demerger it looks to me that a private investor should own the same amount of shares after any delisting to private Co status or received a cash alternative

We received neither but in fact got further dilution of the RemsinCo,lose lose which doesn’t seem right

@Craftyinvestor So will be surprised by THG profit very soon,I do hope that statement follows through in more accurate guise than our Good Lord Lucans

IR have never responded to one e mail I’ve sent,absolute disgrace

@cantbelieveit my contempt for this Arshole is reaching boiling point

I think we need to write to the auditors and request they are auditing a public company and that they do a deep dive into cost percentages pre and post demerger charged by Ingenuity along with a measurement of industry charge comparisons for distribution and marketing

We need to know if there is an imbalance between the two

I’ve heard and if correct Ingenuity’s income has gone from 600 million to 900 million in just 12 short months

If true has this income or a large percentage of it come from THG via increased charges

I’ve not heard of any onboarding of massive whales which would have caused such an increase in Ingen

Thoughts and facts if available?