REG - Thalassa Holdings - Gitone Loan Update

Thalassa HoldingsAnnouncement

29/09/2020 11:05

RNS Number : 4503A
  
Thalassa Holdings Limited
  
29 September 2020
  
 

Thalassa Holdings
Gitone Loan Update
Thalassa Holdings Limited
29 September 2020
 
 
 
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Gitone Loan Update
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
The Board of Thalassa announces that Gitone Beteiligungsverwaltungs GmbH ("Gitone") has repaid its €5.5 million loan (first announced on 27 January 2020), together with accrued interest of €26,927.08. Having determined not to exercise its conversion option, Thalassa therefore has no further participation in Gitone and its assets.
Including the loan repayment, the Company's current assets (cash and liquid, short term investments) currently amount to c.$16.5 million (c.£12.9m) or $1.178 per share (c.£0.92 per share).
 
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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  
Note to Editors:
About Thalassa
Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding company with various interests across a number of industries.
 
 

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