THG PLC Strengthens Market Position with Successful Equity Fundraise
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THG PLC has successfully completed an oversubscribed equity fundraise, with CEO Matthew Moulding contributing £60 million, increasing his stake to approximately 25%. This strategic move aims to strengthen THG's financial position and market presence, enhancing operational capabilities and competitiveness. THG operates in the e-commerce and technology sector, focusing on online retail and digital services, with a current market cap of £518.9M and a year-to-date price performance of -25.21%.
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