Comment on THG Plc
Kelso Group supports THG's early advancement of Ingenuity demerger and placing, intends to participate.
Select text to share a quote on X · sign in to keep highlights & notes in your KLSO notes
Kelso, the main market listed acquisition vehicle, notes the announcement from THG Plc ('THG') at 4.52pm today regarding the early advancement of its plans to demerge Ingenuity and the associated placing. THG is Kelso's second largest shareholding.
Kelso believes in Ingenuity's model and its long term future and that the demerger will be highly beneficial for Ingenuity, as well as for THG Beauty and MyProtein as the remaining parts of THG. Kelso believes that the value of the two remaining businesses are each worth more than the current market capitalisation of THG.
Kelso is also supportive of the placing announced today and pleased with the board's speed of execution and decisive action. Kelso intends to participate in the placing.
| Zeus (Broker) | +44 (0) 20 3829 5000 |
Nick Cowles, Ed Beddows, John Moran (Investment Banking) Ben Robertson (Corporate Broking)
| Camarco | +44 (0) 20 3757 4980 |
Billy Clegg, Tom Huddart
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.