Member Info for Holy1

From THG investor relations…

Thank you for your email.

The Group is currently expecting to release its Half Year Results for the period ending 30 June 2022 on a date to be confirmed in mid-September (in line with last year). The calendar will be updated when the date is confirmed.

With kind regards,
THG PLC, Investor Relations

Do we know when the next market update is?
In 2021, it looks like they updated 2nd July last year on some changes, and H1 results 16th Sept. (I can't see a Q2 update).
The 2022 calendar on the THG investor portal is empty.
One thing I've learnt with this share over the last 6 months is we can't assume anything on IR comms.

This was from the chat in February, needs updating.
THG Websites

----------THG OWN BRAND or OWN WEBSITES---------
www.allsole.com/
www.christopherobin.co.uk/
www.coggles.com/
www.cultbeauty.com/
www.espaskincare.com/
www.growgorgeous.co.uk/
www.lookfantastic.com/
www.hqhair.com/
www.iwantoneofthose.com
www.mankind.co.uk/
www.mybag.com/
www.myprotein.com/
www.myvitamins.com/
www.perriconemd.co.uk/
www.popinabox.co.uk/
www.THG.com/
www.thghosting.com/
www.uk2.net/
www.Zavvi.com
Probikekit
Preloved
The Hut
Glossybox
www.popinabox.co.uk/

-------THG MANAGING (INGENUITY)---------
www.11degrees.com/
www.allbeauty.com/
www.arrowfilms.com
www.arrowvideo.com
www.beautyexpert.com/
www.bonrawfoods.com/
www.burtsbees.co.uk
www.byterry.com/
www.direct.purina.co.uk/
www.gardenoflife.co.uk/
www.gillette.co.uk/
www.gillette.com/
www.homebase.co.uk/
www.hotelchocolat.com/
www.jackwills.com/
www.kleanathlete.com/
www.lesgirlslesboys.com/
www.lyleandscott.com/
www.matalan.co.uk/
www.minamihealth.co.uk/
www.nuxe.com/
www.optibiotix.online/collections/all
www.optifast.co.uk/
www.oralb.co.uk/en-gb
www.revolutionbeauty.com/
www.shop.oralb.co.uk/
www.speedo.com/
www.sukinnaturals.co.uk/
www.theouai.com/
www.tmlewin.co.uk/
www.toblerone.co.uk/en
www.uk.sttropeztan.com/
www.yourcoca-cola.co.uk/
www.No7beauty.co.uk
www.Orlebarbrown.com

---------THG HOSTING------------
www.restream.io/
www.honda.co.uk/
www.mixcloud.com/

Interesting that Betaville & Bloomberg seem to have the inside scoop on THG, see below timeline.
I also wonder why Betaville haven't commented on this weeks news, despite closely documenting THG takeover rumours over the last 6 months?

5th Nov - GQ / MM hinted that he could take the business private 'We do have other options in terms of I’m a big shareholder, more than half of the business is owned by me and a few people that I’m close with'.
10th Dec - Betaville / 'suggested the "event" might include a takeover of the London-listed business led by the company's founder, Matt Moulding, or a spin off of a large division'.
21st Dec - Bloomberg / THG 'is considering options including selling its prize assets — the beauty and nutrition units that bring in the lion’s share of revenue — according to people familiar with internal discussions, who asked not to be named as the talks are private. THG has also discussed whether to take the company private again'.
4th Feb - Betaville / Advent (Goldman Sachs), Leonard Green and Apollo linked to THG talks.
7th Feb - The Times / Verifies Betaville story, although Apollo was unlikely to lead buyout.
18th Feb - Betaville / Advent rumoured to be working with McKinsey on due diligence. 'THG is also said to be working with bankers from Barclays alongside Jefferies to advise on the potential transaction, said people following the situation'.
21st April - Annual Results / THG confirm they have 'received indicative proposals from numerous parties in recent weeks, although unacceptable, failing to reflect value in the group'.
22nd April - Betaville / Carlyle (Bank of America) linked to THG talks.
19th May - Betaville / RNS confirms interest from Nick Candy (Bank of America) and a bid from Belerion Capital and Kings Street (Morgan Stanley). Barclays and Jeffries confirmed to be working on behalf of THG on RNS.
15th June - Bloomberg / Break news that Belerion/King street drop pursuit.

Thought I'd finish the job, RNS confirmed holdings upto the 16th June - Total 77.5%

INVESTOR %
Matt Moulding 22.2%
Sofina 9.46%
Balderton 7.94%
Jupiter Fund Management 7.81%
Softbank 6.6%
T Rowe 3.06%
Vanguard Group 2.53%
Qatar Investment 2.24%
Barclays 1.9%
Norges Bank 1.72%
Richard Griffiths 1.72%
GIC Private LTD 1.55%
West Coast Capital 1.41%
Sir T Leahy 1.32%
Blackrock 1.22%
Dominic Murphy 1.09%
Ophorst Van Marwijk Kooy 1.05%
Maybank 0.85%
John Gallemore 0.82%
Iain McDonald 0.59%
Kings Street/Belerion 0.25%
Candy Ventures 0.08%
Jeffries 0.08%
Charles Butler 0.04%
Zillah Byng-Thorne 0.01%
Bank of America 0.006%
TOTAL 77.5%

@GG, Dominic Murphy has sat on the board of WBA (Boots) and THG for years. Two competitors.
I don’t think the nutrition company, through cvc, would be a reason for him to stand down.

Still impresses me everytime I watch this:
https://vimeo.com/696441015

Agree. The SoftBank deadline was also 15 months from the 10th May 21, although I believe there was an extension clause, you’d still hope we’d get clarity in the next 4 weeks.

https://www.reuters.com/world/uk/uks-thg-raise-1-bln-softbank-unit-fund-large-portion-2021-05-10/

@Sp28 can they use the £530m to do a share buyback, or was it raised specifically for M&A?
Also, when do you expect a market update on next steps? It looks like they updated 2nd July last year on some changes, and H1 results 16th Sept. (I can't see a Q2 update)
Good to get your view.

A lot of comments on LSE over the last 48hrs but the facts show the big holders aren't selling.
II's, PI's, friends and employees make up c. 78% of shareholders who MM is accountable to, and has sleepless nights over.
Which is why I believe there is a plan.

RNS confirmed holdings showing little change, with the Total at 77.4% (those reported today will be slightly diluted).

INVESTOR %
Matt Moulding 22.2%
Sofina 9.46%
Balderton 7.94%
Jupiter Fund Management 7.81%
Softbank 6.6%
T Rowe 3.06%
Vanguard Group 2.53%
Qatar Investment 2.24%
Barclays 1.72%
Norges Bank 1.72%
Richard Griffiths 1.72%
GIC Private LTD 1.55%
West Coast Capital 1.41%
Sir T Leahy 1.32%
Blackrock 1.25%
Dominic Murphy 1.09%
Ophorst Van Marwijk Kooy 1.05%
Maybank 0.85%
John Gallemore 0.82%
Iain McDonald 0.59%
Kings Street/Belerion 0.25%
Candy Ventures 0.08%
Jeffries 0.07%
Charles Butler 0.04%
Zillah Byng-Thorne 0.01%
Bank of America 0.006%
TOTAL 77.4%

Good post. I also thought there could be great synergies.
No7 uses Ingenuity.
Dominic Murphy on WBA and THG board
Boots selling their .com warehouse
https://reactnews.com/article/boots-lines-up-90m-warehouse-disposal-as-business-sale-looms/

Not sure though now with the Reliance/Apollo deal.

I’m not surprised at all Rock.
Sofina % growing is reassurance for LTH’s.
R Griffiths % growing is reassuring for STH to MTH’s.
The markets yesterday were a mess, a win for shorters.
Depends on peoples situation.

Hoping for 7am RNS
Confirmed bid which the board are open to reviewing
Potential new group or consortium

RNS confirmed holdings have seen little change so far this week, with the Total at 77.2%.

INVESTOR %
Matt Moulding 22.2%
Sofina 9.01% (No RNS, taken from FY report)
Balderton 7.94%
Jupiter Fund Management 7.81%
Softbank 6.6%
T Rowe 3.06%
Vanguard Group 2.53%
Qatar Investment 2.24%
Barclays 2.02%
Norges Bank 1.72%
Richard Griffiths 1.72%
GIC Private LTD 1.55%
West Coast Capital 1.41%
Sir T Leahy 1.32%
Blackrock 1.25%
Dominic Murphy 1.09%
Ophorst Van Marwijk Kooy 1.05%
Maybank 0.85%
John Gallemore 0.82%
Iain McDonald 0.59%
Kings Street/Belerion 0.25%
Candy Ventures 0.08%
Jeffries 0.07%
Charles Butler 0.04%
Zillah Byng-Thorne 0.01%
Bank of America 0.006%
TOTAL 77.2%

I think the potential deal would be attractive to PE.
MM and close contacts own 50% of the business, so would be interested in rolling in.
The 2020 IPO was only 35% of shares, 376k or £1.88bn.
A lot of PI, Blackrock etc will have dropped they’re holding, so majority below IPO.
SoftBank still interested in staying for Ingenuity.

CVC (& Bain) would be great, I've heard they're brilliant and DM know's the business and the H&B market.

I also hope Advent (Goldman Sachs) get involved. They were rumoured to be interested in February, maybe they stopped discussions at that point based on the Softbank takeover price of £5.96, which expired in May. I think the takeover code also stipulates that you can't show interest again for 3 months, which will now have expired.
Advent seem to have the cash:
24 May - CityWireSelector / Advent International raises $25bn for latest buyout fund. It is one of the largest private equity funds ever raised - https://citywireselector.com/news/advent-international-raises-25bn-for-latest-buyout-fund/a2388250
And have a big ambition in beauty...
20 May WDD / Inside Advent International’s Big Beauty Ambitions - https://www.yahoo.com/lifestyle/inside-advent-international-big-beauty-150051119.html
Fingers crossed we hear more this week.

Okehurst1. Not sure why they would plan to make the AGM a non event, they could have orchestrated that themselves ie we’re going to update you in 4 weeks on x, y, z, no comment.
Also not sure the benefit of giving staff shares, knowing the value will go down when the ‘made-up’ bids disappear.
Just doesn’t make sense to me, but not saying I have the answer!

If you take away all the media speculation & rumours, what we do know is THG backed the takeover release of King St and Candy Ventures.
They could have shut down discussions, downed tools and not had to release anything.
Given they are both close to the board, have invested in THG and in costs (Morgan Stanley/BOA), it must have had legs,of some sort.
Why create further embarrassment, disruption and take their focus of delivering the plan?

Morgan Stanley this week:
Sales £4,268,461,
Purchase £8,909,124
Net £4,640,663
Not sure on the long/short split.

I like the look of the Boots / Reliance / Apollo deal, it's actually given me some confidence in the THG position.
One of the biggest deals so far this year, and a THG competitor.
WBA have kept a %, hitting their rumoured £7bn valuation.
Reliance/Apollo joined the negotiations 8 weeks ago.
Big PE (like CVC) have funds looking for UK Health & Beauty options... like THG.
Boots have now not been UK listed for c. 12 years, enabling them to get on with business.
"Reliance Industries and private equity firm Apollo have made a joint £5.5bn bid for Boots, in a deal that would enable Walgreens Boots Alliance to keep a stake of between 30 and 40% in the business. Sources close to the process said that Reliance - controlled by Mukesh Ambani, India's richest man - and Apollo have already developed a plan to expand Boots into India and Asia, which appealed to Walgreens because it means that by keeping a stake it can benefit from future growth without committing its own financial resources." "Two of the world’s biggest private equity funds, CVC and Bain Capital, had considered making an offer for Boots but are understood to have stepped back as they were not prepared to pay more than £4bn."
WBA had a £7bn target which they've hit through keeping a %.