Ophorst Van Marwijk Kooy Vermogensbeheer and Kelso Unite in Opposition to Charles Allen’s Reappointment

  • THG’s tenth largest shareholder joins calls against re-election of chairman Charles Allen
  • Ophorst Van Marwijk Kooy Vermogensbeheer and Kelso to vote against Allen’s reappointment
  • Kelso criticizes THG’s poor share price and strategic issues
  • THG shares slumped 90% since IPO in 2020
  • CEO Matthew Moulding blames broader investor wariness and media coverage
  • THG planned individual public market listings or partnerships, but made no progress

THG’s tenth largest shareholder, Ophorst Van Marwijk Kooy Vermogensbeheer, has joined fellow investor Kelso in calling for a vote against the re-election of chairman Charles Allen due to dissatisfaction with the company’s share price performance and strategic issues. Kelso, which owns 0.5% of THG shares, expressed disappointment over the lack of progress in offloading divisions and moving the listing to the premium segment of the London market. Since its £5.4bn IPO in 2020, THG’s shares have dropped by 90%. CEO Matthew Moulding attributed the company’s struggles to investor wariness and negative media coverage. However, Kelso argues that THG must take responsibility for its share price decline. In 2021, THG announced plans for individual public market listings or partnerships but made no progress. The company has yet to respond.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the shareholders’ concerns regarding the company’s performance and their decision to vote against the reappointment of the chairman. It also includes relevant details about the reasons behind the share price decline and the company’s plans for its divisions.
Noise Level: 3
Noise Justification: The article provides relevant information about shareholders’ concerns regarding the company’s performance and share price, but it lacks in-depth analysis or exploration of the underlying issues and potential solutions. It also does not offer actionable insights for readers.
Financial Relevance: Yes
Financial Markets Impacted: THG’s share price and its restructuring plans
Financial Rating Justification: The article discusses the company’s share price performance, a major shareholder’s dissatisfaction with the chairman’s reappointment, and the impact on THG’s stock market strategy.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk