RE: Feels like27 Mar 2025 18:27
Scb you might want to take those comments back…
THG confirmed that CEO Moulding is no longer expected to pay up any partly paid shares as part of the equity contribution. This marks a change from what the company announced on Tuesday, when THG said Moulding's GBP60 million commitment would include GBP54.6 million via a convertible loan and GBP5.4 million through the paying up of 17.4 million partly paid F and G shares.
Moulding's contribution will now be delivered entirely via the GBP54.6 million convertible loan, with no equity investment via partly paid shares proceeding.