Member Info for dafad

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THG PLC

17 September 2024

17 September 2024

THG PLC

Proposed application to transfer to the Equity Shares (commercial companies) category

of the London Stock Exchange

Progressing options for the demerger of THG Ingenuity from THG PLC

THG PLC ("THG" or the "Group") is pleased to announce its appointment of a Sponsor in order to facilitate the transfer of all its ordinary shares of £0.005 each (the "Ordinary Shares"), from the equity shares (transition) category of the Official List maintained by the Financial Conduct Authority ("FCA") ("Official List"), to the equity shares (commercial companies) ("ESCC") category of the Official List, in accordance with UKLR 21.5R and UKLR TP 2 (the "Transfer"). The Group is targeting to effect the ESCC transfer for index inclusion no later than March 2025.

Whilst no shareholder approval is required in connection with the Transfer, the Board has consulted extensively with shareholders and has concluded that it would be in the best interests of THG and its shareholders to effect the Transfer. The Board believes the Transfer will:

· enable the Ordinary Shares to be considered for inclusion in the FTSE UK Index Series which is expected to improve passive investment flows and liquidity;

· support execution of the Group's strategy as detailed below, through raising its visibility;

· afford increased protection for investors under the UKLRs as a result of the higher standards placed on companies admitted to the ESCC category, including in relation to significant transactions and related party transactions; and

· benefit its shareholders by making THG's previously voluntary adherence to certain ESCC category standards of corporate governance, and regulatory and reporting compliance, compulsory.

It is anticipated that, subject to the Transfer becoming effective and other conditions being met, THG will be eligible to be considered for inclusion into the FTSE UK Index Series.

The Board is committed to the highest standards of corporate governance and will be required to continue to report against the provisions of the UK Corporate Governance Code following the Transfer. The Transfer is conditional on the approval of the FCA, and a further update will be provided in due course with respect to anticipated timing of approval and subsequently eligibility for the next FTSE Index review.

Option to demerge THG Ingenuity

Pursuant to THG's stated strategy to maximise shareholder value, and following extensive shareholder engagement, the Group announces that it is actively undertaking detailed work to review potential structures to facilitate the demerger of THG Ingenuity. At this stage no certainty can be provided on a demerger timescale whilst we consider the options to achieve this outcome, however, structuring tax clearances have now been approved by HMRC. Any proposed demerg

Guess we'll find out tomorrow!

Dafad

Posts: 1,787

Price: 63.75

No Opinion

I'll bekeeping an eye on his account tonightToday 15:09

Https://x.com/MarkKleinmanSky?t=BE1YfxeKKYhOOWAae--7eA&s=09

Just gone through -for the belivers!!!🤣🤣

Gla

Https://x.com/MarkKleinmanSky?t=BE1YfxeKKYhOOWAae--7eA&s=09

Https://www.linkedin.com/posts/grahamcooley_greentech-sustainability-venturecapital-activity-7241289855517736960-rkF2?utm_source=share&utm_medium=member_android

My guess is that we are about to see an aquasition or a spin out

into Thg Finco

The same thing happened when they bought City am-it was

incorpporated into Thg Newco

https://find-and-update.company-information.service.gov.uk/company/15016484

Be nice if they were buying a nutrition buisness with the

money

https://www.globalcosmeticsnews.com/nestle-mulls-sale-of-loreal-stake/

Mentions Myprotein

Müller Light Protein Pudding is available in single 140g pots, with an RRP of £1.40. The launch follows from last week’s announcement of a partnership between Müller and Myprotein, featuring a range of yogurts and puddings.

8 million ad campaign sounds good

Https://www.mynewsdesk.com/uk/muller/pressreleases/introduction-of-muller-light-protein-pudding-is-latest-move-in-vision-to-transform-the-yogurt-and-desserts-health-category-3342063?utm_source=rss&utm_medium=rss&utm_campaign=Alert&utm_content=pressrelease

Trade Finance Loan Agreement

Eurasia Mining Plc ("Eurasia" or the "Company"), the platinum, iridium, rhodium, ruthenium, palladium ("PGM") and gold mining company, is pleased to announce that it has entered into a trade finance loan agreement with Sanderson Capital Partners Limited ("Sanderson") for up to £2.5 million (the "Trade Finance Loan" or the "Loan").

Highlights:

· As announced on the 28 August 2024, the purpose of the Trade Finance Loan is to provide the Company with working capital finance.

· To assist with the management of the Company's working capital position, each of the Company's Directors has agreed to defer payment of accrued fees and expenses from the previous 12 months, along with any future compensation due whilst any part of the Trade Finance Loan remains outstanding.

· Christian Schaffalitzky, the Company's Chairman, has pledged 94,619,517 of his ordinary shares in the Company as collateral for the Trade Finance Loan (the "Chairman's Pledge"). The shares will be kept in escrow by Eurasia's solicitors (OBH Partners, Dublin) whilst any part of the Trade Finance Loan remains outstanding. No other security has been provided in respect of the Trade Finance Loan.

· The Trade Finance Loan is interest free and is repayable by 29 August 2025, or by another date as the parties may agree.

· The Loan is convertible at Sanderson's election (save for during the first 90 days of the agreement, see below), at an average conversion price of 2.7p per share, a premium of 17% to the closing price of on 28 June 2024 (being the last trading day before the suspension of trading in the Company's shares).

· Sanderson has agreed that it will not elect to convert any of the Trade Finance Loan to shares in Eurasia during the first 90 days the Trade Finance Loan is in place.

· The Trade Finance Loan may be drawn down by the Company in five tranches, in each case at the option of the Company, subject to certain milestones being achieved (as described below).

· The initial two tranches totalling £1.0 million are linked to the Company's proposed restoration to trading on AIM, which was also announced today and will become effective at 7.30am on Monday 9 September 2024.

The principal terms of the Trade Finance Loan are as follows:

Https://www.londonstockexchange.com/news-article/EUA/trade-finance-loan-agreement/16654531

Talking about Parys Mountain and potential for 120 jobs on air now!!

Https://en.m.wikipedia.org/wiki/Mondelez_International

Müller Yogurt & Desserts which is the UK’s leading yogurt manufacturer which aims to create millions more Müller moments for its consumers. It is responsible for major brands like Müller Corner, Müllerlight, Müller Bliss, Müller Rice, FRijj and Müller Kefir Smoothie and produces chilled desserts under licence from Mondelez International. It also supplies the UK private label yogurt market from a dedicated, state of the art yogurt facility.-

Https://www.muller.co.uk/our-brands

Trading updare

Could he need the money to part fund /buythe diagnostic

side which they are looking to offload?

Bills-buying a house etcetc