Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Jon Robinson

THG boss Matthew Moulding frees up cash to complete multimillion-pound charity donations

THG

The boss of THG has freed up extra cash to help complete multimillion-pound charity donations.

Matthew Moulding's FIC Shareco Ltd has bought more than three million shares at a price of 82.44p from The Moulding Foundation.

The foundation has made the sale so it can complete the donation of £5m to Seashell Trust, a campus for children with complex needs, and £3.5m to projects addressing homelessness in Manchester.

READ MORE: Click here to sign up to the BusinessLive North West newsletter

Mr Moulding and FIC Shareco have also pledged to donate any future profit made on the shares, which were worth a total of £2.5m when they were purchased, to the foundation.

The move comes after the CEO pledged to donate £100m of shares to charity.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Corey Taylor on the reactions to Dave Grohl's recent baby announcement: "If that’s the one thing that defines him, then what are we doing?"
Dave Grohl has made headlines for fathering a baby outside of marriage, and Corey Taylor has some thoughts on the whole thing
Metal Hammer
Metal Hammer
Supermassive black hole jets mysteriously ignite nova explosions, Hubble Telescope finds
Hubble Space Telescope observations suggest supermassive black hole jets double the frequency of nova explosions. But how?
Space
Space
Viral Photo Claims to Show College Student Chilling Out in Flooded Dorm After Hurricane Helene
The photo claiming to picture an Appalachian State University student has received more than 79,000 upvotes and thousands of comments.
Latin Times
Latin Times
“I would show him the lick. He's like, ‘Why don't you just play it? You sound just like me, anyway!’” Dweezil Zappa says he recorded Eddie Van Halen playing a “greatest hits guitar solo” at 5150 for an unreleased project – and had to give EVH pointers
The session was the result of an unreleased ‘audio movie’ concept of Zappa’s in which he envisioned solo contributions from Brian May and Angus Young
Guitar World
Guitar World
“I didn’t tell anybody when I started playing the guitar. Then I entered a talent contest and I played The Star-Spangled Banner with my teeth – and I won”: Why Steve Vai kept his guitar playing a secret when he first started
Vai didn't tell anyone when he began learning the guitar, but eventually announced his new-found fretboard abilities in quite spectacular style
Guitar World
Guitar World
Netflix fails to get Baby Reindeer lawsuit thrown out
Fiona Harvey is suing streaming giant over the portrayal of a stalker character in hit show
Evening Standard
Evening Standard
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play