THG (GB:THG) has released an update.
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THG PLC has announced the demerger of its Ingenuity business into a separate private entity, giving shareholders an opportunity to receive Ingenuity shares through a preferential distribution. The company has sent out a circular detailing the terms of the demerger and has scheduled a general meeting on December 27, 2024, to discuss the proposal. The demerger is expected to be completed by January 2, 2025, potentially influencing THG’s market dynamics and shareholder value.
For further insights into GB:THG stock, check out TipRanks’ Stock Analysis page.
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