Equity Raise Post-Transaction Report

In brief · summary, not quotable

THG issued 68.5m shares raising £22.13m for refinancing exercise.

Shares issued 68,527,697
Proceeds raised £22.13m
Placing price 32.3 pence
Discount to market 5%
Percentage of existing shares 5.18%

Full announcement

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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.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.