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THAL Thalassa Holdings Limited

24.50
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Thalassa Holdings Limited LSE:THAL London Ordinary Share VGG878801114 ORD SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.50 23.00 26.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Services,nec 296k -1.45M -0.1825 -1.34 1.95M

Thalassa Holdings Limited Thalassa in on-going disposal discussions (7155C)

19/04/2017 12:00pm

UK Regulatory


Thalassa (LSE:THAL)
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TIDMTHAL

RNS Number : 7155C

Thalassa Holdings Limited

19 April 2017

Thalassa Holdings Ltd

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

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

Thalassa Holding Ltd in on-going disposal discussions

The board of directors (the "Board") of THAL wishes to update the Company's shareholders on the status of strategies being considered by the Board in order to bridge the gap between THAL's current share price and the Board's assessment of the intrinsic value of the Company's assets.

The Board wishes to advise shareholders that it is in discussions with an interested party in relation to the potential disposal and/or partial disposal of one or both of the Company's wholly owned subsidiaries, WGP Group Ltd and Autonomous Robotics Limited. The Board would like to make it clear that these discussions are at a preliminary stage and may or may not lead to binding agreement(s) being entered into.

Given the nature of the discussions, the Board has taken the decision to suspend the share buy-back programme authorised by the Board on 20 January 2017.

Investor Enquiries:

Thalassa Holdings Ltd

      Duncan Soukup, Chairman                                                 +33 (0)6 78 63 26 89 

WH Ireland Limited (Nominated Adviser and Broker)

      Chris Fielding, Head of Corporate Finance                         +44 (0)207 220 1650 

Press Enquiries:

Square1 Consulting (Public Relations)

David Bick +44 (0)207 929 5599

www.thalassaholdingsltd.com

Note to Editors:

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company currently with positions in the Energy Services and Defence and Homeland Security Industries.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCGGUGPCUPMUBB

(END) Dow Jones Newswires

April 19, 2017 07:00 ET (11:00 GMT)

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