The Hut Group Founder set to receive one of the largest windfalls in corporate history as company floats

The Hut Group Founder set to receive one of the largest windfalls in corporate history as company floats

THE WHAT? The Hut Group’s (THG) Founder is set to receive some £700 million in shares thanks to a share-based incentive scheme based on the company’s valuation in 2022; two years post its planned flotation, according to a report published by The Times.

THE DETAILS Matthew Moulding will bank some £19.8 million annually as the company’s landlord to boot, thanks to the transfer of THG’s property business to a separate company, ahead of the £4.5 million flotation.

That’s on top of what The Times is describing as one of the biggest windfalls in corporate history, which is contingent on the company’s value hitting £7.25 billion in the next two years.

THE WHY? Moulding has famously resisted going public in the past, due to a reluctance to hand over control of his business but has struck a deal with the London Stock Exchange granting him a Founder share to veto takeovers.

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