Halifax Share Dealing Proposed THG Demerger Options3 Dec 2024 12:32
Just received notification of options:
Proposed Demerger of Ingenuity.
THG Plc are proposing an optional Demerger of Ingenuity shares. If you do not want to receive the New Ingenuity shares, you need take no further action.
If you want to receive Ingenuity shares, you have the following options:
Option 1 - Elect to receive Ingenuity shares representing the guaranteed basic entitlement of approximately 13.4 percent of your total holding of THG.
Option 2 - Elect to receive more or less Ingenuity shares than your guaranteed basic entitlement.
If you elect for Option 2, you must elect to receive a specific amount of shares, this can be more or less than the basic entitlement of 13.4 percent of your holding.
If you elect to receive New Ingenuity shares, you will be electing to redesignate some of your THG Ordinary shares into Ingenuity shares. Therefore your THG holding will be reduced by the amount of shares accepted for New Ingenuity shares.
If you don't elect to receive New Ingenuity shares, your THG holding will not change.
Before making your decision, we recommend you read the documentation available on the Company's website. https://www.thg.com.
You Have The Following Options:
1 Redeem your xxxxxx THG PLC ORD GBP0.005.
2 Redeem part of your xxxxxx THG PLC ORD GBP0.005.
Important Information & Other Key Dates:
On 28th November 2024, THG Plc announced it was intending to Demerge it's Ingenuity business from THG into an independent private company.
The Demerger is subject to shareholder approval at a meeting to be held on 27th December 2024.
The Demerger is to be effected by way of a B Share Redesignation and Ingenuity share distribution, which would create a new class of B shares to give shareholders the option to redesignate some of their Ordinary shares as B shares. The B shares will be unlisted and will give shareholders the right to receive Ingenuity shares. The B shares will not be credited to your account.
You should be aware that the Ingenuity shares will not be listed on any market. The Company intend to create a Matched Bargain Facility with JP Jenkins for shareholders who may want to trade in the New shares. We don't facilitate trading in this way and you would have to transfer your Ingenuity shares to another broker if you wish to sell them. This Facility may only be available for a limited time, for more information please refer to the circular on the Company website.
THG will satisfy elections up to the guaranteed basic entitlement of approximately 13.4 per cent. Elections in excess will only be satisfied to the extent that other shareholders elect for less than their Basic Entitlement or do not elect at all. The company may scale back Excess elections (above basic percent). As your THG shares are held through a nominee, we treat any elections at the nominee level. This means the Company might reduce your election more or less than they would with an individual shareholder. The sca
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