Notice of AGM
THG PLC has published its Notice of Annual General Meeting, dated 22 May 2026, which includes two additional resolutions for shareholder approval: a Capital Reduction and a procedural rectification concerning the Ingenuity Distribution. The Capital Reduction, if approved by shareholders and confirmed by the Court, aims to increase distributable reserves by cancelling the share premium account and capital redemption reserve, potentially enhancing future shareholder returns. The Ingenuity Distribution rectification seeks to ratify a distribution made on 2 January 2025, with a book value of £501,331,000, and authorize the Board to enter into Deeds of Release with Directors and Electing Shareholders, a transaction considered fair and reasonable by the Board, advised by Rothschild & Co.
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The Company confirms that the following documents have today been posted or otherwise made available to the Company's shareholders:
- Notice of Annual General Meeting ("AGM" or "Meeting"), dated 22 May 2026 (the "Notice"); and
- associated Form of Proxy.
In accordance with UKLR 6.4.1R and 6.4.3R, copies of each of these documents will today be submitted to the National Storage Mechanism and will shortly be available for inspection at:
The Notice is also available to view on the Company's website at: https://www.thg.com/investor-relations/annual-general-meeting-documents.
1 The Demerger was effected at an equity valuation for IngenuityCo of £87,800,000, which reflected the market capitalisation of the Company in the period between 10 October 2024 and 26 November 2024. The Ingenuity Distribution was approved by shareholders at a general meeting of the Company held on 27 December 2024, with a book value for accounting purposes of £501,331,000.
2 The Directors of the Company are Charles Allen, Lord Allen of Kensington, CBE, Matthew Moulding, Damian Sanders, Sue Farr, Edward Koopman, Milyae Park, Gillian Kent, Helen Jones and Dean Moore.
3 The Electing Shareholders that are also related parties of the Company are Matthew Moulding, Jodie Moulding, FIC Shareco Limited (Guernsey), Charles Allen, Lord Allen of Kensington, CBE and Damian Sanders.
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