IN BRIEF: THG CEO Matt Moulding ups stake to 25% with loan conversion

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THG PLC - Manchester, England-based online retailer of sports nutrition and beauty products - Founder & Chief Executive Officer Matthew Moulding increases his total stake in THG to 25%, as he acquires 209.1 million new voting shares at 32.3 pence, worth £67.5 million, in a convertible loan conversion. Moulding now has 429.9 million shares, consisting of 307.7 million ordinary voting shares - a 19.2% voting stake, up from 7.1% - and 122.2 million unlisted ordinary shares. Moulding founded THG in 2004. At the start of this year, the FTSE 250 index constituent spun off e-commerce platform provider THG Ingenuity as a separate company whose shares are now traded on JP Jenkins.

Separately on Tuesday, THG says Qatar Investment Authority has reduced its stake to 5.9% as of Friday last week from 6.8%.

Current stock price: 45.70 pence, up 0.1% on Tuesday morning in London

12-month change: down 2.9%

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