THG Plc said co-founder Matthew Moulding and his wife Jodie no longer have any of their shares in the online shopping group pledged as security against a 100 million-pound ($138 million) personal loan from Barclays, lifting another concern that weighed on the stock.
Barclays released the pledge and neither Moulding nor his wife had to sell any of their THG shares to secure the arrangement, THG said in a statement Wednesday.
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October 20, 2021 at 01:41PM
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THG Says Co-Founder Moulding Is Released From Share Pledge - Bloomberg
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