What outcome are they waiting for?28 Mar 2023 11:58
The online retail group, which owns brands including LookFantastic and My Protein as well as owning an ecommerce platform that it outsources to third parties, said in October 2021 that it intended to attain a premium listing.
However, the timing of the switch would depend on the outcome of a regulatory review into the listing regime.
THG founder and chief executive Matt Moulding said he would give up his golden share, which gave him the power to veto hostile takeover approaches. This is essential for THG to attain a premium listing.
Question I would have is what "Outcome" are they waiting for?
I remember reading a while ago that one of the things the review was looking at to encourage more founder lead business to list on the LSE was dual class structures. Could the Mould be hoping for this outcome ?