REG - Thalassa Holdings - Further re Share Redemption and Return of Capital

Thalassa HoldingsAnnouncement

26/10/2020 07:00

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RNS Number : 1290D  Thalassa Holdings Limited  26 October 2020

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa", "THAL" or the "Company")

Further re Share Redemption and Return of Capital ("Transactions")

Further to the Company's announcement of 28 September 2020, and in response to
various shareholder enquiries relating thereto, Thalassa confirms that:

·    By redeeming 33.65% of its Ordinary Shares and distributing in specie
33.65% of its net assets, THAL's Net Asset Value (NAV) per share (before
taking into account the expenses relating to these Transactions) will remain,
as before, approximately US$1.846 per share based on the interim balance sheet
as at 30 June 2020.

 

·    The number of Ordinary Shares and Depositary Interests held by each
Thalassa shareholder and Depositary Interest holder will reduce by 33.65% as a
result of the Transactions. With effect from the date of this announcement,
the total number of Ordinary Shares with voting rights is 9,297,748 (excluding
the 11,554,505 shares held in treasury) carrying one vote each. This figure
represents the total voting rights in the Company and may be used by
shareholders as the denominator for the calculations by which they can
determine if they are required to notify their interest in, or a change to
their interest in, the Company.

 

 Enquiries:
 Thalassa Holdings Ltd
 Duncan Soukup (Executive Chairman)                    +33 (0)6 78 63 26 89
 WH Ireland Limited (Financial Adviser)                +44 (0)207 220 1650
 Chris Fielding, Managing Director, Corporate Finance

www.thalassaholdingsltd.com (http://www.thalassaholdingsltd.com)

Note to Editors:

Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding
company with various interests across a number of industries.

Defined terms in this announcement are as set out in the announcement dated 28
September 2020.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Following the publication of this announcement, this inside
information is now considered to be in the public domain.

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