Member Info for gsolomonuk

I also had this from Freetrade, but I think they just got it wrong tbh

"Take no action. This is the default option. You will receive additional shares of THG plc. The exact number of additional shares will be determined after the demerger results."

Yup agreed kbyk and i'm glad they have chosen to stay 100% Remainco as I have but just thought i'd clarify as all these comments saying they upped their stake, played a blinder, shown interest etc. are as far as I can see completely false and just underlines the importance of doing your own research.

People seem to be suggesting that Sofina have upped their stake by buying more on the open market but if I am reading the RNS correctly they have not, they simply did not opt to take any Newco and their holding has increased proportionately, it says right there on the RNS. "Reason for the notification - An event changing the breakdown of voting rights"

@Yorek my post was not aimed at you in any way.

Is there a worse social media site than LinkedIn? Nothing but sycophants.

I don’t know how anyone can make a compelling argument to go with newco, but I’m guessing that’s the whole point.

You might as well take the money to the bookies.

I took it as read. I will receive additional shares. Not I may receive, not your holding will reflect a larger portion of the company once the demerger is complete, additional. How many I guess depends on how many people opt for Newco and how much of their 13.4% allowance they utilise.

Just thought i'd drop this in here as it sums it up quite nicely:

Important update on your investment in THG plc:

THG plc has proposed a voluntary demerger of part of its business resulting in the creation of a new company, Ingenuity Co. This newly established entity will operate independently as a private company.

What does this mean for you as a shareholder?

As part of the demerger, you will have the option to receive the guaranteed entitlement of Ingenuity Co shares. This would be equivalent to approximately 13.4% of your current holding of THG plc. If you choose to accept the offer to receive Ingenuity Co shares, your holding in THG plc will decrease by the same 13.4%.

For example, if you currently own 1,000 shares in THG plc, you would receive approximately 134 shares in Ingenuity Co, and your holding in THG plc shares would be reduced to 866 shares.

Alternatively, you have the option to receive additional shares in THG plc instead of any shares in Ingenuity Co.

What are your options?

Under the terms of the offer you have two available options:

Take no action. This is the default option. You will receive additional shares of THG plc. The exact number of additional shares will be determined after the demerger results.

Take up the offer. You will receive the privately listed, ISA ineligible Ingenuity Co shares, in exchange for a percentage decrease in your THG plc Holding (around 13.4%). Please note:

If we do not receive a response from you before 4pm on 13 December 2024 (the election deadline), the default option will apply, and you will receive additional THG plc shares at a rate to be determined.

Important information regarding Ingenuity Co shares:

As the Ingenuity Co is a private limited company, its shares will not be tradeable on any recognised stock exchange. As a result, the new Ingenuity Co shares will not be eligible to be held in an ISA.

If you hold THG plc in your ISA and elect to receive the new Ingenuity Co shares, the new shares will be credited to your GIA immediately following the receipt of these shares.

In addition, the Ingenuity Co shares will be held in a certificated form which means that Freetrade will be unable to facilitate transfers out.

You seem convinced 101, can I ask why?

Have I missed something here, I thought MM and Iain Macdonald were best mates...

Surely if the worste case scenario happens and nobody puts in a competing bid a low shareprice right now is beneficial to those of us who will only take remainco shares in the long run as the ratio for newco/remainco will be more favourable.

Oha agreed, I don’t know if it is mathematically possible for a competing bid to get through if MM and his allies have enough firepower to block it I haven’t done the sums but there were a few decent sized players who didn’t partake in the placing so who knows.

For what it’s worth I don’t think much will change here until we get the finer details of the demerger in black and white early November as mentioned in the RNS.

If there is anyone out there who is going to make a move on ingenuity or the whole group which I hope there is then it wouldn’t be very smart to do so until MM has shown his hand. A bidding war would be a lovely Christmas present.

Hopefully when he does we get some counter offers. Here’s hoping anyway.

Let me guess Wonka Inc?

After digesting the information over the past 24 hours I have to agree with you both I think once the demerger is complete remainco will either rerate over text 12 months or an offer will be made for it which MM and friends will be much more amenable to because it won’t involve giving up their baby.

Either way I think this time next year we will have some rewards for holding.

I will be sticking with remainco as holding shares in a private company is out of my comfort zone even if there is the potential for a significant long term pay day.

How can they say we'll receive shares etc when nothing has even been voted on?

Https://www.youtube.com/watch?v=49_wyauFM8E

Wouldn't be a total shock if they went for an early rate cut, conservatives are in a dire situation... oh wait BoE is apolitical..lol

Https://www.youtube.com/watch?v=DdCfz0TAzoY

Agreed, it definitely seemed like it was a formality that they just wanted to get out of they way, the update was inline with expectations so (perhaps naively) I didn't expect a reaction either way until the next update before the end of the month - but it's given me an opportunity to throw a few more quid in here.