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Like him or lump him if City Spy is correct and this is getting taken private then the buyout price will have to exceed what which Apollo offered. Has to be North of £2.00

Does seem mighty strange that only last week he was in Dubai courting extremely wealthy investors and then a week later 5 days later he announces that the Golden share has gone two and a half months ahead of it's 16th September expiry.

https://www.linkedin.com/posts/matthew-moulding_middleeast-dubai-ambition-activity-7075065046711574528-oHls

I think you may missed several other ardent consumers off the list!!

If it was Qube then I think they may just have run out of funds for todays costly endeavour.

Or to get in long. Volume here today says at nearly 6 million at 10:30, off both announcements today, says more buying going on than selling.

The trading statement fly's in the face of all you are saying for the products are being bought and there is a clear ramp up on that.

It'll move when its ready (and the City have loaded up)

Events today are far better than a measly 3% and people will be holding or not come next Capital Event, which as of today just got accelerated.

@Milestoocheap imo.

One days trading ain't going to make a difference ultimately Rock8 and tactical selling gets used to keep share prices low to enable much larger pick ups. If it's Qube then good luck to them for imvho they are only providing much needed liquidity for someone elses buying.

Deeply foolish to NOT observe that the next Capital Event has been brought forward by 2.5 months and is game on as of today with the Golden Share going. Next one goes to the vote.

I really don't think it matters Rock8 in the short to mid term. Might do only for those trying to play with the price on a daily basis for whatever reason, probably to load up on the cheap.

Trading statement is confirming things getting far better and ahead of expectation

Golden Share going imo simply accelerates the next capital event.

2 Active Investors there to "test the vote" on any next such event.

That decision coming so soon after a recent trip to Dubai says something brewing

Golden Share going also paves the way for Premium Listing.

Virtually nobody was selling prior to todays updates. Can't see many selling thereafter either. Todays statements are worth far far more than 3%.

Morning HH,

Just in case you missed it at the end of the Trading statement under the Corporate Givernance heading

"THG also announces that it has been notified that Founder and Chief Executive Officer Matthew Moulding has today transferred the Special Share held by him and, as a result, all rights of the Special Share have now ceased in accordance with THG's articles of association. The Special Share will be cancelled by THG.

Brings forward any next Capital Event by about 2.5 months.

I also personally think Apollo can go to the Takeover Panel and argue "material change in circumstances" to then return. See earlier posts.

I was thinking exactly the same thing JonTaylor. Something looks to brewing from Matt Moulding's recent UAE visit.

So Apollo can return to the table prior to 6 months having elapsed if the Takeover panel agree there has been a "material change in circumstance"

Matt Moulding's blocking vote is now, as of today, gone.

Ultimately down to the Takeover Panel but I think Apollo would have good grounds to approach the Takeover Panel given the Golden Share has now gone. Subsection iv below

"Under Note 2 on Rule 2.8 of the Code, Apollo, on behalf of its managed funds, and any person acting in concert with Apollo, reserves the right to set aside the restrictions in Rule 2.8 of the Code and announce an offer or possible offer for THG, or make or participate in an offer or possible offer for THG, and/or take any other action otherwise precluded under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances:

i. with the agreement or recommendation of the board of THG;

ii. following the announcement of a firm intention to make an offer for THG, by or on behalf of a third party;

iii. following the announcement by THG of a Rule 9 waiver proposal (as described in Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and/or

iv. if there has been a material change of circumstances (as determined by the Takeover Panel).

https://www.apollo.com/media/press-releases/2023/05-12-2023

Never a dull day @THG

Biggest question now requiring answering has to be this.

Today marks significant changed what with the Golden Share having now gone so can Apollo now circumvent the 6 month Takeover Panel rule and come back to the table again?

Any whiff of a Bid from now on in you would expect should see more realistic jumps in the share price as the Active Investors will push for it to be taken to a vote.

Happy to see any of the day traders depart with 5% but all of todays updates in the wider scheme of things are worth far far more than 5%. Particularly the Trading statement and Golden Share going ahead of time. That's confidence for you.

Let todays RNS's be digested and lets see who from Dubai now decides to properly hop onboard and which funds who couldn't previously buy due to the Golden Share, now start to take an interest.

Cheap as chips share price, all things considered.

Dyor

Next Bidder and it should be getting put to the vote.

2 sets of Bids 170p and above with one having just ended recently. No Brainer.

Now if we can just tease out the price of the Apollo bid, or a banding.

Won't be letting any go now from this day forth.

GL all

If they offer any cheap shares today it has to be a snap their hands off and say thanks.

Finally we are getting the news we have been waiting to hear on so many fronts.

Just imho

Gone a lot sooner than we all expected so those funds that couldn't buy can now buy.

"THG also announces that it has been notified that Founder and Chief Executive Officer Matthew Moulding has today transferred the Special Share held by him and, as a result, all rights of the Special Share have now ceased in accordance with THG's articles of association. The Special Share will be cancelled by THG."

Combined with an excellent trading statement which is ahead of expectation and keeps the guidance.

Whopper day today.

Won't be long till this one cruises through £1.00 and should start making some real headway to Sum of Parts valuations.

PS. It's been super obvious through all the deals and news releases that things have been markedly picking up in the last few months. Cheap as chips at last nights closing share price.

AGM's are normally tick box exercises.

However what adds spice to this one is if Matt Moulding and Co are happy to answer all Q and A's and also 2 Active Investors onboard and if they can bring about any changes. Like for instance share buybacks.

The big one for me is if MM mentions the Apollo Bid price, or of not some relatively tight banding of numbers it was within.

Off the Directors dealings tab above Minto and Allsworth combined have circa 31.4%.

Add that to Boo's 26.6% and it looks like they are over the 51%

From John Goolds Kelso presentation.

"Section 303 CA 2006 – ability to appoint or remove directors (5%+ / 51% vote)"

Suspect there will be many more twists and turns to come in the coming weeks.

It's all about gaining control...

The temperature just got turned up a few levels on the dial, albeit the key word is "potential".

Relevant question is what shareholding do Minto and Allsworth have combined and what total do we get when added to Boohoo's 26.6%.

I look on it all positively as all seem to be now getting their teeth out over a higher value asset than the pre-suspension price.

There's one thing missing out of todays RNS.

That is what prompted the RNS in the first place?

Reason?