Published: May 25, 2026 at 9:35 am
THG has admitted to an admin error over its Ingenuity demerger.
Shareholders have now been asked to vote for a ‘procedural rectification’ in relation to last year’s demerger of Ingenuity at next month’s AGM.
THG Ingenuity’s demerger into a standalone business from the profitable THG Beauty and THG Nutrition divisions was confirmed at the start of 2025 after 88.71% of shareholders voted for it at the company’s general meeting.
Last week, THG announced it would be holding its AGM at THG Studios on June 24, but what caught the eye of shareholders in the notice to the London Stock Exchange was a mention of the Ingenuity demerger.
The exact wording is very complicated and heavy on legalese but several shareholders asked BusinessCloud to investigate.
Nobody from THG wanted to comment publicly, but the admin error has been described as a routine oversight that should have been filed at the time of the Ingenuity demerger.