Retail group aims to reassure City as it seeks premium listing on London Stock Exchange
Matthew Moulding, the founder and chief executive of the Hut Group, is giving up his “golden” share of the company in an attempt to regain the confidence of the City after a sharp fall in its share price in recent weeks.
The online retailer and tech services company said the cancellation of Moulding’s controlling share would promote “good corporate governance”, after a turbulent few weeks for the retailer’s stock price sparked by questions over its profitability, share structure and valuation.
