Member Info for CheshireLad

Right on time, didn’t see the RNS’

GLA

Also should we now not see some TR notifications?

GLA

Because they can be brought back in to circulation so Selkirk can buy in, this stealing another half of a division with no material value change inn the SP i.e. additional shares offset the cash received to pay off debt. Then that’ll be 1.5 divisions gone with no uplift in SP for the 35% - 50% but the others taking another large slice at mates rates in order to feather their nests further down the line.

I might be wrong so would like someone with greater knowledge to explain if 49% of Nutrition was sold (although possible red herring) how that would work in respect of Remainco shares for MC purposes and voting rights? I’m I being too cynical that if 49% of nutrition was sold then once again we would see no material uplift in Remainco SP with Remainco holding an equity stake in Selkirk, if that transpired?

GLA

FYI: albeit nothing we didn't know

https://www.thebusinessdesk.com/northwest/news/2144787-ingenuity-90m-cash-burn-is-reducing-fast-as-moulding-relishes-private-future

GLA

Curious that MM is so aligned with the 100’s of small investors in Ingenuity, but not the 1000’s in Remainco!

GLA

He is a narcissist wind up merchant, I think goading the City to value Remainco correctly with his Wonderwall comment.

Imagine dealing with him everyday at work or home, a total control freak. He learnt his tradecraft well coming out of the 90s phone boom, opportunistic in nature with no morals, whilst highlighting how good he is but reminding he takes no salary. Other than the above words fails me, because the bottom line is the bottom line, and it’s not very good from a business perspective, albeit his own wealth creation is doing just fine, and he does like to remind us all, the only thing that is missing is the family photo in matching pyjamas.

What a plank NM is.

GLA

PFC

I think MM will soon be present on our screens with how own fly on the wall documentary about the trials and tribulations of his daily life at work and home 😂😂😂.

It'll probably be called "The King of Kong"

GLA

My ii view when clicking the "Response Required" part. Simply states do nothing as one of the options and retain your current THG plc holdings or choose how many by entering in the two boxes and amending the 0 to your holding or part holding depending on your preference.

If you want nothing to do with ingenuity leave boxes as 0 (zero) then press submit, following that there is a further "confirm" button which then changes the 0 (zero) to your plc allocated shares, best be safe and leave as 0 9zero) then review on the next screen so you can see they way the options are interpretated your choice....before pressing the confirm button. If you want Ingenuity shares enter an amount of your total holding allocation, or more, in the radio box.

GLA

StockTHG PLC ORD GBP0.005

Event TypeScheme of Arrangement

DescriptionOptional Demerger

General Meeting Date: 27th December 2024

New Ingenuity Shares: Expected 2nd January 2025

THG plc has announced the opportunity to participate in the Optional Demerger of IngenuityCo shares with a guaranteed entitlement of 13.4% of Ingenuity shares. Your options are:

OPTION 1: Do nothing (Default). You will keep your current holding of THG plc Ordinary shares if you take no action.

OPTION 2: Accept the offer. You will be issued with 1 IngenuityCo share in exchange for each THG plc ordinary share held. Elections above the guaranteed entitlement may be subject to scaling back.

The IngenuityCo shares will be unlisted and there is no intention of the company applying for a public listing these shares will, therefore not be ISA eligible. If an ISA shareholder chooses to exchange their THG plc shares for IngenuityCo shares, these will be moved to a linked trading account upon receipt.

Due to the IngenuityCo shares not being listed there will be no live pricing for these shares and as such the value will show as zero within your portfolio.

There is also expected to be a matched bargain facility set up with JP Jenkins, which should you wish to trade your IngenuityCo shares ii may be able to assist with.

More information on the Optional Demerger can be found in the company’s circular, here:

https://data.fca.org.uk/artefacts/NSM/Portal/NI-000108374/NI-000108374.pdf

Entitlement xxxxxxxx

Latest Response Date23:59 16/12/2024

OptionAllocation

Do nothing (Default)

0

Accept the offer

0

…”Short”

Think of it like the film “The Big Sort”. Not entirely the same but the same principal, two parties taking a bet, one paying fees/calls and both parties will settle when the options expire.

GLA

Https://uk.investing.com/news/company-news/thg-stock-soars-to-alltime-high-reaching-16542-93CH-3813619

GLA

Internal communications happen every single week of the year, hence why it's titled ''weekly wins''.....good lord, no different from any other week of the year.

GLA

Https://news.sky.com/story/candy-backed-metals-exploration-swoops-on-condor-gold-13264464

Oh where are you now?

GLA

Poker, I respect your posting it's always very reasoned. Sure it was Apollo's choice to walk away, but that was after MM didn't wish to engage further and unprofessionally announced it in the way that he did. Why wasn't Apollos valuation of the SOP made known to all?

On both those two very important points why was that? Either MM didn't want the books being looked at or he wanted the SP lower, after today it's as pure as the driven snow we've had over the last week that it was one of those reasons, despite what we know what was publicly stated. Todays slice and dice carve up only confirms that to be the case.

GLA

Looking at the figures and future companies, It just looks, smells, and feels like a big con wrapped up in a fancy legal document.

Hopefully now the charade has been revealed another entity might stir the pot, but don't expect anything, hope is all it is. I cannot believe this is deal that ALL II's wanted, that cannot be, it's so bad I'm in disbelief about the previous bids and the way the approach from Apollo was handled. One can only assume this has been in the making for such a long time that MM and the BOD acted without compulsion and recourse of all shareholders, but with total disdain of all. MM will have to go to DEFCON1 regarding his personal security, because the Emperors new clothes have been revealed and what worst fears we held have come to pass to show there is nothing, absolutely nothing of substance or any conscious relating to MM. I could go on and on but don't want to put myself in a position that I would be facing a prosecution for posting certain words or terms........prosecution oh the irony!

GLA & turn off, have a great Xmas, and my advice look in again at Easter 2025!!!!

MM thank you for eventually updating ALL shareholders, it's good to know you hold the 35% close to your heart! Why you had to announce the circular will be due shortly on LinkedIn I do not know, a simple holding RNS a week ago would have been sufficient. It must have been that you wanted to convey more? or big up or make excuses for the downturn THG plc has encountered since you became an employee!

I'm not so sure, but mentioning "sliding doors" moments retrospectively or was it meant to be really related to the future? Certainly opportunity was a theme of his post, was that for himself or the wider business, if for himself then that only confirms what the lowly PI thought all along. I await to be proved wrong, and are racking up the potential curve balls that may appear in the circular, given the calendar year end target is fast approaching with little or time for recourse.

What really is interesting for me at a personal level is the involvement of MA and what his motives are going to be? Obviously at this time it would access and leverage on potential distribution solutions given his own problems regarding that logistics issue the Frasers empire is experiencing and trying to future proof. Will be be effectively a silent partner (which doesn't fit too well with his style, albeit mellowing a little as he gets older) or replacement effectively as an II backing MM, thus consolidating both individuals power base? Or does MA just see him as an activist until he feels, like at BOO, the time is right for a full on hostile attempt? Certainly MA intentions are interesting enough to warrant, and see how many remainco shares he retains, albeit, he has the powder to not actually convert any to newco and be safe in the knowledge he will not be pushed around in newco, if that's what he's really after?????

GLA and thanks MM for the update...at last

Will be end at 49p by week end....lol

GLA

A valuation by whatever method you wish to use is futile. Remainco true value is only that what anyone is willing to pay, whether that be Nutrition or Beauty, or both, the same goes for Ingenuity if no demerger happens or alternate scenario occurs.

There been many companies that have turned down approach’s or bids and ended as THG plc is now. Some have thereafter accepted lower bids than the original.

IMHO Remainco maximum value is £1.50 starting with approaches next year at £1.20 - £1.30 range. If things go well next year then in 2026 the figures obviously rises.

You pay your money, you take your chance!

GLA

I suppose selling at the bottom of the market will have some comfort knowing the correlation in the SP downturn over the time the park has been trying to be sold has been far greater and benefits the demerger spin-off at a better prices for the 65%. Cynically, perfect timing you might say.

GLA