THG PLC PDMR/PCA Shareholdings (4885I)
August 12 2021 - 8:21AM
UK Regulatory
TIDMTHG
RNS Number : 4885I
THG PLC
12 August 2021
THG PLC
PDMR/PCA Shareholdings
THG PLC (the "Company") announces that it was notified on 12
August 2021 of: (a) the paying up and conversion of 116,101,671
existing F, G and H ordinary non-voting shares of GBP0.005 each in
the capital of the Company into ordinary voting shares of GBP0.005
each by FIC Shareco Limited ("FIC Shareco"), classified as a person
closely associated with Matthew Moulding, the chief executive
officer of the Company, in connection with existing, vested share
awards granted to Matthew Moulding and Steven Whitehead pursuant to
the Company's historical employee share incentive arrangements; and
(b) the entry by FIC Shareco into a security agreement with Goldman
Sachs International Bank in respect of only those ordinary voting
shares beneficially owned by Steven Whitehead but registered in the
name of FIC Shareco and which are to be subject to such security
agreement on or about the date of the conversion of the above
referred F and G ordinary non-voting shares beneficially owned by
Steven Whitehead, as security for a loan facility made available to
Steven Whitehead pursuant to a loan agreement dated 10 August 2021.
Details of the full notification received by the Company are set
out below.
Following the paying up and conversion of the relevant F, G and
H ordinary non-voting shares into ordinary voting shares:
-- there has been no change to the aggregate nominal value of
the Company's issued share capital or the aggregate number
of shares in issue; and
-- the total number of voting rights in the Company as at 12 August
2021 has increased to 1,215,713,412, in relation to which,
Mr Moulding has a beneficial shareholding in 173,056,196 ordinary
voting shares, representing in aggregate approximately 14.23%
of the voting rights in the Company.
The Company makes the below announcement and notification in
accordance with the requirements of the UK Market Abuse
Regulation:
1. Details of the person discharging managerial responsibilities
/ persons closely associated with them
a) Name FIC Shareco Limited
--------------------------------- ------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position / Status PCA of Matthew Moulding
--------------------------------- ------------------------------------------
b) Initial Notification / Amendment Initial Notification
--------------------------------- ------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name THG PLC
--------------------------------- ------------------------------------------
b) LEI 21380066N3SV9O8IDP37
--------------------------------- ------------------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
-----------------------------------------------------------------------------
a) Description of the financial Ordinary voting shares of GBP0.005
instrument, type of instrument each
Identification Code ISIN: GB00BMTV7393
--------------------------------- ------------------------------------------
b) Nature of the transaction Acquisition of ordinary voting shares
on the paying up and conversion of
F ordinary non-voting shares of GBP0.005
each, beneficially owned by Steven
Whitehead
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s): N/A
Volume(s): 1,570,427
--------------------------------- ------------------------------------------
d) Aggregated information N/A - single transaction
--------------------------------- ------------------------------------------
e) Date of transaction 11 August 2021
--------------------------------- ------------------------------------------
f) Place of transaction Outside of a trading venue
--------------------------------- ------------------------------------------
1. Details of the person discharging managerial responsibilities
/ persons closely associated with them
a) Name FIC Shareco Limited
--------------------------------- ------------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------
a) Position / Status PCA of Matthew Moulding
--------------------------------- ------------------------------------------------
b) Initial Notification / Amendment Initial Notification
--------------------------------- ------------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------
a) Name THG PLC
--------------------------------- ------------------------------------------------
b) LEI 21380066N3SV9O8IDP37
--------------------------------- ------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
-----------------------------------------------------------------------------------
a) Description of the financial Ordinary voting shares of GBP0.005
instrument, type of instrument each
Identification Code ISIN: GB00BMTV7393
--------------------------------- ------------------------------------------------
b) Nature of the transaction Acquisition of ordinary voting shares
on the paying up and conversion of
G ordinary non-voting shares of GBP0.005
each, 22,562,828 beneficially owned
by Matthew Moulding and 2,355,734 beneficially
owned by Steven Whitehead
--------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s): N/A
Volume(s): 24,918,562
--------------------------------- ------------------------------------------------
d) Aggregated information N/A - single transaction
--------------------------------- ------------------------------------------------
e) Date of transaction 11 August 2021
--------------------------------- ------------------------------------------------
f) Place of transaction Outside of a trading venue
--------------------------------- ------------------------------------------------
1. Details of the person discharging managerial responsibilities
/ persons closely associated with them
a) Name FIC Shareco Limited
--------------------------------- ----------------------------------------
2. Reason for the notification
---------------------------------------------------------------------------
a) Position / Status PCA of Matthew Moulding
--------------------------------- ----------------------------------------
b) Initial Notification / Amendment Initial Notification
--------------------------------- ----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name THG PLC
--------------------------------- ----------------------------------------
b) LEI 21380066N3SV9O8IDP37
--------------------------------- ----------------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
---------------------------------------------------------------------------
a) Description of the financial Ordinary voting shares of GBP0.005 each
instrument, type of instrument ISIN: GB00BMTV7393
Identification Code
--------------------------------- ----------------------------------------
b) Nature of the transaction Acquisition of ordinary voting shares
on the paying up and conversion of H
ordinary non-voting shares of GBP0.005
each
--------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price(s): N/A
Volume(s): 89,612,682
--------------------------------- ----------------------------------------
d) Aggregated information N/A - single transaction
--------------------------------- ----------------------------------------
e) Date of transaction 11 August 2021
--------------------------------- ----------------------------------------
f) Place of transaction Outside of a trading venue
--------------------------------- ----------------------------------------
1. Details of the person discharging managerial responsibilities
/ persons closely associated with them
a) Name FIC Shareco Limited
--------------------------------- --------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position / Status PCA of Matthew Moulding
--------------------------------- --------------------------------------------
b) Initial Notification / Amendment Initial Notification
--------------------------------- --------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name THG PLC
--------------------------------- --------------------------------------------
b) LEI 21380066N3SV9O8IDP37
--------------------------------- --------------------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been conducted
-------------------------------------------------------------------------------
a) Description of the financial Ordinary voting shares of GBP0.005 each
instrument, type of instrument ISIN: GB00BMTV7393
Identification Code
--------------------------------- --------------------------------------------
b) Nature of the transaction FIC Shareco entered into a security
agreement with Goldman Sachs International
Bank in respect of only those ordinary
voting shares beneficially owned by
Steven Whitehead but registered in the
name of FIC Shareco and which are to
be subject to such security agreement
on or about the date of the conversion
of the F and G ordinary non-voting shares
beneficially owned by Steven Whitehead,
as security for a loan facility made
available to Steven Whitehead pursuant
to a loan agreement.
--------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s): N/A
Volume(s): 3,926,161
--------------------------------- --------------------------------------------
d) Aggregated information N/A - single transaction
--------------------------------- --------------------------------------------
e) Date of transaction 10 August 2021
--------------------------------- --------------------------------------------
f) Place of transaction Outside of a trading venue
--------------------------------- --------------------------------------------
Enquiries to:
THG PLC
James Pochin, General Counsel and Company Secretary
James.Pochin@thehutgroup.com
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