Salem Radio Network News Saturday, December 4, 2021

Science

THG founder Moulding foregoes pledge of shares under personal loan facility

LONDON (Reuters) – Online beauty products retailer THG has received a notification from founder Matthew Moulding and his wife Jodie that they are foregoing a pledge of some of their shares in the firm as collateral for a personal loan.

As of Oct 19, no shares legally or beneficially owned by the Mouldings are the subject of any security or share pledge, the company said in a statement.

(Reporting by Abhinav Ramnarayan; editing by Jason Neely)

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