Member Info for Ephemeral

Clause 2.1.2 of Terms of Reference for the Related Parties Committee.

to ensure that any Related Party Transaction is conducted at arm’s length and on normal commercial terms.

I respectfully ask the BoD to demonstrate how they have enacted this over the last 12-months.

Susan Farr should be able to explain this easily. And if not then I would question re-election

I think Got-banned, that the II's may well have written off their investment to the point they won't even vote at AGM. Surely if they were involved there would be a modicum of accountability. Not even Kelso have come out yet to question conduct of Chair. My hope... and that's all it is.... is that MA galvanises the II's into taking action and that MA takes a seat on Board. He'll fight for his money back... and happy to piggy back on that.

MM simply not fit to be CEO.

How does his annual performance review with Chair not conclude with his dismissal by Board?

What will it take for action?

Institutional investors or an investigation?

The conflicts are almost as dire as the performance.

Does anyone think this will ever get back above 52p? I’m starting to think it may actually fold or be taken off market by MM at below that. The thing is… there is NO one on the board looking after shareholders interests other than those shares / options held by MM. it’s been a car crash since last Oct (appreciate it’s been a car crash to then) but since last Oct the only party to do exceptionally well was MM… ingenuity for a song (with a raise to pay for it) … diluted and the a convertible loan… how has the average THG shareholder benefited? Less ownership and a +50% reduction in SP

Mike Ashley must be well well down on investment. (Just less down % terms than me). Hopefully he won’t stand for such performance at AGM.

“The Placing Price of 49 pence represented a discount of approximately 5.2 per cent. to the closing price on 10 October 2024.”

It only ever goes down … it’s lower than every average down I’ve ever done lol

The best analyst advice from that interaction … “are you sure you’ve got the right people” or words to that effect. MM went on defence. Internally MM thinking, yes, they are all yes people saying yes to what looks like asset stripping but blind to clear and obvious conflicts.. just like the BoD. No governance. No governance. No governance. That is the root of the issue

Yes good direction. Still I’m surprised it’s not mid 350’s or being stalked for a takeover. All the corporate and JV cleaning up over last few years create a very presentable asset.. the locations are excellent too.

Looks like in might be in North Sea a little longer…

https://www.upstreamonline.com/rigs-and-vessels/uk-north-sea-fpso-owner-agrees-terms-for-contract-extension/2-1-1822578?zephr_sso_ott=i8BAvz

I think it’s. 13.5% but can’t source it so it maybe hearsay. I agree - there’s a whole board who keep talking about incredible success; an Annual Report that was an exercise in gaslighting with a CEO who’s conflicted… there needs to be at least one Director who is not drinking the Kool aid.

Hopefully following vote against MM and GLA. That would be a protest vote: c.36% against

MA Frasers 11.65

Sofina 9.64

Balderton 7.33

Qatar 7.2

Pearls… well done… I think PI’s emailing such at the very least causes a review (inc. probably an ‘ignore’) but it places it on the radar of II’s and that can only be a good thing. My concern is there’ll be a ‘smoke-screen’ pre-AGM eg update on VAT resolution to ‘distract’ all from AGM … if you look back nearly every trading update or corporate calendar event is preceded by something to try (and fail) and distract all from the car crash the BoD and MM have overseen and enacted.

Thank you for sharing Schemiel. This alongside FI hiring I hope* bode well for RKH and SP. Will cover what for me is an unmitigated disaster in very separately investing in THG. You win some (possibly) you lose some.

Hi all, I have my THG shares in a barc smart (?) investor account : how do I go about voting… am absolutely going to.

A few Christmas’s ago … thought I’d miss out on the 230p dip (230p!) lol

Me too. But market is a law unto itself. I can see great results followed by a muted response. Irrespective provided there are no operational issues EasyJet very well positioned for next few years (esp. with package holiday growth).

CityPie…

Rebellions are built on hope.

Mezza… I’m not particularly proud of it… I just think 27p is a bit silly… I mean it’s even below what MM offered himself… and he’ll always put himself first … so it’s good to 32p at least

At ryanf… pleased you posted at least he or someone had to read it to have it removed. Bravo. Now make sure you vote in pending AGM (I will be).

My ave is 88p (bought a little again at 27p) … don’t think it’ll ever get back there. The primary reason for that is MM. There’s no getting away from it. He’s done extremely well out of THG (I don’t mind that as a rule, MM set it up) but has destroyed the value of the company and almost (if not everyone’s) shareholding in the process. Any other CEO would be sacked by the BoD. Note I haven’t even mentioned the blindingly obvious conflicts MM enjoys.