Thalassa Holdings - Gitone Loan Update

Thalassa Holdings

29/09/2020 11:03

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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