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THG raises £90 million, £60 million from Matthew Moulding
THG has raised some £90 million in a share placing and refinancing round. Founder and CEO Matthew Moulding contributed £60 million and £30 million was racked up via a placing of shares at 32.3p per share. The post THG raises £90 million, £60 million from Matthew Moulding appeared first on Global Cosmetics News.
THE WHAT? THG has raised some £90 million in a share placing and refinancing round. Founder and CEO Matthew Moulding contributed £60 million and £30 million was racked up via a placing of shares at 32.3p per share.
THE DETAILS According to a report published by Sharecast, Matthew Moulding entered into a £55 million convertible loan and agreed £5 million of partly paid shares.
THE WHY? The company said in a statement, per Sharecast, “Following on from the Ingenuity demerger and FTSE 250 inclusion, the equity placing and collective refinancing represents another significant step in THG’s simplified debt and equity investment case as a cash generative global retailer and brand owner, well positioned to deliver on its next phase of development in its growing consumer markets.”
The post THG raises £90 million, £60 million from Matthew Moulding appeared first on Global Cosmetics News.
