The boss of THG has freed up extra cash to help complete multimillion-pound charity donations.
Matthew Moulding's FIC Shareco Ltd has bought more than three million shares at a price of 82.44p from The Moulding Foundation.
The foundation has made the sale so it can complete the donation of £5m to Seashell Trust, a campus for children with complex needs, and £3.5m to projects addressing homelessness in Manchester.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Mr Moulding and FIC Shareco have also pledged to donate any future profit made on the shares, which were worth a total of £2.5m when they were purchased, to the foundation.
The move comes after the CEO pledged to donate £100m of shares to charity.
