(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