THG PLC — Capital/Financing Update 2025

Apr 1, 2025

National Storage Mechanism | Additional information

RNS Number : 1611D

THG PLC

01 April 2025

1 April 2025

THG PLC

Equity Raise Post-Transaction Report

In accordance with the Statement of Principles (November 2022) published by the Pre-Emption Group, THG PLC ("THG" or the "Company"), announces the following post transaction report in connection with the Company's non-pre-emptive issue of equity securities, as announced on 24 March 2025.

Terms defined in the placing announcement issued on 24 March 2025 (the "Placing Announcement") have the same meanings in this announcement unless the context provides otherwise.

Name of Issuer	THG PLC
Transaction Details	The Company issued 68,527,697 new Ordinary Shares in total pursuant to the ABB, representing approximately 5.18 per cent. of the Company's existing issued Ordinary Shares prior to the Equity Placing. Settlement and admission of the Placing Shares took place at 8.00 am on 28 March 2025.
Use of Proceeds	As set out in the Placing Announcement and the result of placing announcement issued on 25 March 2025, the proceeds of the Equity Placing will be used towards the comprehensive refinancing exercise contemplated by the Company, the details of which are set out in the Placing Announcement.
Quantum of Proceeds	The aggregate proceeds from the Equity Placing amounted to approximately £22.13 million.
Discount	The Placing Price of 32.3 pence represented a discount of 5 per cent. to the closing price on 24 March 2025.
Allocations	Soft pre-emption has been adhered to in the allocations process, where possible. Management (other than a director who participated in the Equity Contribution) was involved in the allocations process, which has been carried out in compliance with the MIFID II Allocation requirements.
Consultation	The Company consulted with a number of its major shareholders prior to the Equity Placing and has respected the principles of pre-emption through the allocation process.
Retail Investors	A retail offer was not considered practicable as the relevant prospectus exemption (i.e. offer consideration of €8 million or less over a 12-month period) had been substantially depleted by a £5.4 million retail offer in October 2024.

For further information, please contact:

Investor Enquiries: Kate Grimoldby, Director of Investor Relations and Strategic Projects	[email protected]
Media enquiries: Sodali & Co - Financial PR adviser Victoria Palmer-Moore / Russ Lynch	+44 (0)20 7250 1446 [email protected]
THG PLC	[email protected]
Barclays (Global Coordinator, Bookrunner and Joint Corporate Broker) : Alastair Blackman Richard Bassingthwaighte Dominic Harper Callum West	+44 (0)20 7623 2323

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