Member Info for onsolidground

I'll settle for some semblance of decency in the end if week UT.

Pokerchips,

I sat the other night and picked 6 to 8 companies at random that had recently delisted and gone onto matched bargain platforms and comparing the delisting price the actual price now on the matched bargain platform. Some months and years from having delisted virtually all were sat at virtually the same price, give or take a percent or two. So don't expect fireworks.

Licker

"3. There is no raid of PIs going on as the conspiticust keep saying as to do so would be a raid on the Iais friends family charities he holds close. We are the same investor class with the same rights and sane options available to us all"

Not so

SuperQualifying shareholder - 20% to 50%

Supermajority shareholder - Over 51%

There's 2 newly created categories at THG Ingenuity and having to be consulted and give written approval before things like dividend payments.

Nice to see the sp rising again.

Rock8

"If anyone else was interested in THG (any part) they would have made a bid but nothing."

They are probably just biding their time and waiting.

THG Ingenuity I suspect will need far more cash than projected and @ Remainco it's just got saddled with all the debt and still has the same Board and CEO at the helm who have presided over the demise in the share price.

Black Friday weekend numbers and Festive trading are critical here as THG really cannot afford another miss.

GB1 in reality it matters not how gizmoey and efficient your warehouses are with grid systems and robots and software and management speak. If you don't have your own delivery / courier service then you are only ultimately as good as that which you use. The market worked that out with THG a long while ago.

If it is Amazon you aspire to be with a marketing bolt on then they have their own delivery service and the enhancement of Amazon Prime to back it up fpr speedier delivery, and all the other add ons with it like Film, Music, like Football.

If it is that which THG aspired to be then it is light years away and would need £billions in further funding to match.

I just in the last few days ordered several items from Amazon and it was there next day. I also ordered numerous items from John Lewis and no idea who does their fulfilment but it was super efficient and I had great communication and the products in my hand in less than 24 hours, superbly packaged and with free delivery. That's is all I want from online shopping.

Still haven't caught sight of the New Jersey facility. Couldn't tell you what the Dubai facility looks like despite all the shareholder money spent (and somebody regularly visiting the place), nor could I tell you who actually owns what in respect of either. People and the City in particular like to see and know what they are actually investing in. Not smoke and mirrors.

Sorry for the delay. Been Black Friday bargain hunting.

If memory serves me correctly it was a post by Lawrence Dovey or Lawrence Davey on Linkedin that was tagged to Matt Moulding's post about the lease sale and it was removed not long after I started the thread. It might still be on his Linkedin page.

!!

What salary to people think will be involved with this role?

Will there be any golden goodbyes?

Will there be any golden hellos?

Can anybody just explain to me what this role involves, (other than additional expense for THG Ingenuity holders).

Ingenuity has a Chairman, has a CEO and is looking to compose a normally structured board.

I'm totally perplexed what additional value this will bring? Why the need?

That 49p placing should have been underwritten as most placings normally are and a fee gets paid for the privilege with certain institutions contracted to take up any Rump.

But this one skilfully wasn't and instead you had MM and a select few effectively matter of factly offering to soak up any slack in THG Ingenuity shares. In all probability knowing that he was going to become the SuperMajority shareholder at some point.

You would have thought to avoid any accusations of conflict that he should have been limited in his THG Ingenuity shareholding to sub 20%.

Unfortunately on the THG Ingenuity front it is hard to see this demerger as anything other than a regression back to those Golden share days.

"A general meeting on the 27th December..come on who does that? He’s a rotten little human."

I thought exactly the same. It's been done to dissuade attendance. Right after Xmas and not even refreshments on offer, even for for those who travel long distances for the event.

I actually doubt TGL or MM will even attend.

I know when you registered but your knowledge seems beyond your posting history and your style of compressing everything into one, sometimes long paragraph looks distinctively deliberate, standoutish.

We get all sorts on here, including numerous multi's - so it's probably an irrelevance in any case.

Yes I thought the same in that it was a muted response off them. Mind you they were calling for most of this to happen when the share price was nearer £1.00 and £1.70 "significantly undervalued" THG.

GL in any case.

Linkedin,

By the way, who were you previously on here (or still are)

Just a couple of lines off them about 20 minutes ago

"Positive announcements by THG Plc this morning confirming their move to the Premium Index and also full detail on the Ingenuity demerger."

Am I right on this distinction

Super Qualifying shareholder = 20% to 50%. Can elect 1 Board member

SuperMajority shareholder = Over 50%. Can elect 2 Board members.

Written consent required prior to any and all big decisions off the SuperQualifying investors

Full clarity in the Ingenuity Governance paragraph.

Now you know why he is more than happy to pick up any slack in THG Ingenuity shares. Puts him instantly into the supermajority shareholder category and effectively giving him back a casting vote.

Got the lease sale over the line first also imvho to free up funds and just so another supermajority shareholder couldn't veto the sale post demerger.

One part of me had wanted to see Ingenuity as an independent company run without any Moulding influence and interference (and potential detrimental effect on it's share price), whilst the other side of me part knew that wouldn't be the case. Gallemore switched across also confirms this.

I had just read the same about 15 minutes ago.

So Gallemore in as Executive President and now the creation of a Supermajority class of shareholder having higher ranking in terms of key decision making. If anything those supermajority actually have more power than as an LSE listed company.

"3. Ingenuity Governance

On a written shareholder resolution or on a poll at a general meeting of IngenuityCo, each

Ingenuity Shareholder will have one vote for each Ingenuity Share held.

Certain matters (the "Supermajority Shareholder Reserved Matters") will require the prior

written approval of the Super Qualifying Shareholder(s), including issuing any shares or other

securities in the capital of IngenuityCo, any return of capital in respect of shareholder instruments

of IngenuityCo, making any dividends or distributions, proceeding to an initial public offering

("IPO") of IngenuityCo, amending the rights attaching to the Ingenuity Shares, any voluntary

dissolution, liquidation or winding up of IngenuityCo, amending the terms of the Ingenuity

Shareholders' Agreement or any provision of the constitutional documents of any member of

IngenuityCo's group, providing funding from Ingenuity Shareholders (or their affiliates), entering

into any merger, schemes of arrangement, acquisition, consolidation, amalgamation,

restructuring or reconstitution, approving any drag-along right, changing the tax residency of

IngenuityCo or changing the nature or scope of the business or commencing a new business not

ancillary or incidental to the business.

A number of matters (the "Board Reserved Matters") will require the approval of a director

appointed by the Super Qualifying Shareholder(s) at a meeting of the Ingenuity Board, including

entry into certain third party agreements, approving business plans or budgets, certain

commitments of capital in excess of set thresholds, disposing of material assets, entering into

debt arrangements and shareholder loans, granting encumbrances, changing the fiscal year end,

34

appointing and removing directors and auditors, establishing board committees, and settling or

approving litigation for claims over a certain threshold.

Further details of the Board Reserved Matters are set out in the Ingenuity Shareholders' Agreement"

Could the London Mayors Ulez charging be behind the decision.

Gateway to London and the home counties and one of the biggest markets in the UK now up for a capacity grab.

So who doe we see taking up the Erith capacity then?

Samb69 it can be illusory to think that Tracker finds buying in for an ESCC listing will raise the price. Just as many have thought shorts closing also raises the price.

Yes they should be buying, mainly though if it hits their investment criteria, but don't forget that they wish to buy cheaply and profit also and they can simply wait for a market down day to buy or use algorythmic trading to tip the price in the direction where they want to buy. Especially in the quiet trading days. It's just something you get used to if you invest in and follow THG.