The UK’s largest web hosting company The Hut Group (THG) is planning to disclose its plan for a new incentive scheme as well as a £4.5bn stock market flotation.
As first reported by Sky News, the long-standing share plan could result in THG’s co-founder and executive chairman Matthew Moulding earning more than £700m worth of shares if the company is able to achieve a market capitalization of £7.25bn by December of 2022.
Moulding helped establish THG back in 2004 and in the years since, the company has grown significantly and it now employs 7,000 people in the UK. In addition to web hosting, the e-commerce company also provides VPN services and it has acquired 21 different online retailers and other companies since 2009.
THG is also a third-party logistics and infrastructure provider…