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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Director dealings: THG's Moulding snaps up 24.39m shares

(Sharecast News) - THG revealed on Tuesday that chief executive Matthew Moulding had acquired 24.39m ordinary shares via his family investment company, FIC Shareco. Moulding, who founded THG, purchased the shares on Monday at an average price of 34.93p each, for a total value of £8.52m.

Following the transaction, Moulding holds a beneficial interest in 454.26m THG shares, representing approximately 25.4% of the company's issued share capital.

As of 1100 GMT, THG shares were up 6.06% at 36.78p.

Reporting by Iain Gilbert at Sharecast.com

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.