Weekend Press! Zilch. No surprises!3 Jul 2022 19:23
Chairman £1 million Buy
Anything reported, NO!
CEO Charitable Contribution and effectively buying £2.5 million.
Anything reported, NO!
Anyone surprised, NO! Lmao.
When you actually look at the CEO's buy of 3 million+ shares from the Charity Foundation, it's actually better than him buying shares on the market!
Buying shares on the market, he would have personally benefited, this act of kindness he has shown is incredible!
Remember he has bought these at current prices, and he will not benefit at all. He has stumped up the cash (opportunity cost for him), for not only the charities benefiting today, but they also retain the maximum benefit in the future!!!
You can say Matt is so confident of THG performance, he didnt simply allow the charity to sell shares for immediate benefit at a depressed price. He said to them, here you are, take this money now i will give it to you, and when the price goes back up, you will have even more money so that more disadvantaged people can be helped!!
Most people are simply in it for themselves these days! Philanthropy and genorosity shown by Matt here is mind blowing, true character shows through.