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Tbh this happened at superdry, pretty much exact same thing. Boards probably dead but they could prob explain exactly what happened as some would have HL. Thanks for the update Yorek

Thanks for the clarification

If you bought in placing, you get them in account on 15th. There is a 90 day lockup, so you can't sell. On day of demerger everyone with THG shares will get ingen shares if they have opted to. You will still get those with the shares that are in lockup, you simply can't sell them till 90 days, you still get all benefits. IMO

Was there a 90 day lockup on being able to sell new shares? Thought I read it originally.

@Jed IMO it will be the date of demerger, I lt will be as simple as whoever has shares then not last thursday

Unless something happens, I just don't read it that he's coming in as a strategic for ingen, it states THG. He's there for everything, it's about his pay later model in beaut and nut as well.

He is just the same as us in terms of what he can and can't do right now. IMO

@yes your making an assumption that MA would get first dibs on ingen shares, i just don't see that being the case. There will be some kind of mechanism in place to dive them out depending on who wants more.

Also a thought, MA 10 mil was in addition to the 75 as well at the 5-6 from Pi's. I think I read the difference of 75 will be used however by board, so not added to ingen... So why on earth were they sold

Yorek oh yes 100% agree, he will go full ingen with as much THG as he can

I read it that he's just bought 10 mil worth of THG. The thing with ingen shares no one can get them unless they have THG. That gives them 3 weeks to get in at this level if they didn't get placed.

Rns

Pursuant to the Placing, a total of 138,265,306 Placing Shares have been placed with new and existing investors (including Frasers as detailed below and new institutional long...

And then below is where I talks about the 10 mil

@ Yorek, yes good point. And heres me moaning when I see the issue with having it in SIPP is potentially worse. Grumpy this morning, but I'll turn that off now apologies.

Mine are all Isa, I would have liked to have these in a Sipp so I could sell whenever I wanted if / when it got delisted, rather than worry about CGT . Guess I'm screwed there

17th RNS : not definitive

Any proposed demerger is expected to require shareholder approval, accordingly further information, including details of the proposed demerger, will be provided to shareholders in due course. A demerger of THG Ingenuity and the Transfer can be effected concurrently.

I think he said recently it would. But it's a formality, we know it's done. But maybe that was shareholder approval onn the specifics of the demerger, not that it's happening... Ok I'm no help today

@yes I've considered the issue of future dilution as well and agree with what you said. But mostly it comes back to the cost of actually going into ingen , it's so low.... Its a risk but even with dilution if it doesn't collapse I see it being significantly higher from these points, essentially worth 0

Tbh I don't know how it works so will have a look, thanks

@magnum thanks, that is somethibg I didn't consider re bed and Isa. However I think it's only UK listed that you can do that? I'm betting on non LSE in future

Telx the choice is either give Matt ingen for free not on the cheap and retain your THG undiluted or take ingen shares , but your THG has dilution from raise. ( Obviously or any step between)

Yea Sipp may be different and Yorek, same sentiment, but annoyed about losing it from ISa and the low value also means I pay more CGT vs say what Apollo valued it at as assume it starts at value it leaves ISA

@Brew JIMO and don't take as fact but I think, you should be able to take them, but it wouldn't stay in ISA as you can't hold private in ISA under current rules.

Not thick at all. I posted something the other days . It's all IMO and I'm no expert but essentially what I think it means is if THG shares price goes up, ingen doesn't sound say 6 ingen to 1 ingen now, would be 12 ingen to buy 1 THg if 98p. So essentially you will only ever get 49p. But if THG drops, you can never trade better than now at 6:1. So if THG goes up and your putting everything back into THG, you lose out ( of we go by the company should be worth X no matter the SP eventually)