REG - Thalassa Holdings - Reverse Takeover of id4 AG by Anemoi International

Thalassa HoldingsAnnouncement

17/12/2021 07:20

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RNS Number : 0177W  Thalassa Holdings Limited  17 December 2021

 

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17 December 2021

 

Thalassa Holdings Ltd

("Thalassa" or the "Company")

 

Reverse Takeover of id4 AG by Anemoi International Ltd

The Board of Thalassa Holdings Ltd (LSE:THAL) is pleased to note completion of
the acquisition by Anemoi International Ltd ("Anemoi") of id4 AG ("id4").
Thalassa has disposed of its 84% shareholding in id4 (held indirectly through
its 100% owned subsidiary, Apeiron Holdings (BVI) Ltd) ("Apeiron") in return
for aggregate consideration of £4,480,000 ($5,929,772) to be satisfied 50% on
completion and 50% on a deferred basis dependent on the financial performance
of id4 over a 5 year period.  On completion of the acquisition today, Anemoi
has therefore unconditionally issued 56,000,000 Anemoi shares to Apeiron.
Thalassa carrying value of id4 AG was recognized in the latest quarter
accounts at $1,287,360, the Board are pleased with the positive contribution
that this transaction has on THAL's NAV and the further potential contribution
that can be achieved based on id4's future performance.

Further details of the transaction are available in the prospectus published
by Anemoi on 13 December 2021 and available on its website at
www.anemoi-international.com (http://www.anemoi-international.com) .

Duncan Soukup, Executive Chairman, commented:

"We are delighted with the successful closing of the AMOI - id4 AG
transaction, which now gives id4 the necessary capital to grow sales and
achieve profitability. Whilst id4 is still an early-stage growth company, I am
happy and grateful for the support received from current and new investors in
a difficult market, The AMOI - id4 transaction was a relatively complex
cross-border transaction, made more difficult by health-related interruptions
during the process, and which, therefore, absorbed significantly more of
management's time and effort than anticipated. The completion of this
transaction will now give us all more time to focus on THAL's other assets."

 

 Thalassa Holdings Ltd

 Duncan Soukup          +33 676 84 50 51

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No 596/2014 ("MAR") as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
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Information Service, this inside information is now considered to be in the
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