REG - Thalassa Holdings - Update - Luxembourg subsidiary

Thalassa HoldingsAnnouncement

09/10/2018 07:05

RNS Number : 3480D
Thalassa Holdings Limited
09 October 2018
 


 
Thalassa Holdings Ltd
 
(Reuters: THAL.L, Bloomberg: THAL:LN)
 
("Thalassa" or the "Company")
 
Update - Luxembourg subsidiary
 
 
The board of Thalassa (the "Board") is pleased to announce that the Company is in the process of incorporating a new wholly owned subsidiary in Luxembourg, with the intention of obtaining a listing on the Luxembourg Stock Exchange. The new company will initially be a cash shell considering a number of potential transactions in Europe, which will benefit from a listing to raise any additional funds required and provides the Company with flexibility post-Brexit. The Board consider Luxembourg, lying within the EU, to be an attractive location both geographically and for the transactions under consideration.
Contacts:
Thalassa Holdings Ltd:
 
Duncan Soukup, Executive Chairman                          +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated adviser):
Chris Fielding, Managing Director, Corporate Finance      020 7220 1650
www.thalassaholdingsltd.com
 
Notes to Editor:
 
Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with various interests across a number of industries.
 




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