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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 | 24.50 | 24.50 | 24.50 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil & Gas Field Services,nec | 296k | -1.45M | -0.1825 | -1.34 | 1.95M |
TIDMTHAL
RNS Number : 9247A
Thalassa Holdings Limited
27 January 2020
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
Loan Facility Completion - Gitone
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
The Board of Thalassa ("THAL" or "the Company") is pleased to announce that the Company has entered into a contract with Gitone Beteiligungsverwaltungs GmbH ("the "Partner") to lend EUR11 million to the Partner through 2 tranches: EUR5.5 million now and EUR5.5 million within six months through a cumulative loan (the "Loan") with a conditional conversion option.
The Loan attracts an interest rate of 0.75% + EURIBOR which is waived in the event of conversion. The Partner has a number of investments in Europe, including the CEE region, with the latest investment in Croatia in Q4 2019. In this latest transaction the Partner acquired a controlling stake in a Croatian hotel and leisure group which in 2018 generated EUR11 million of EBITDA on EUR42.5 million of Revenue.
A further announcement will be made when the second tranche is lent and in the event of conversion.
Duncan Soukup, Chairman of THAL stated:
"Croatia is a truly beautiful country with an unspoiled coastline and over 1,200 pristine islands and islets stretching over 1,000 miles southwards from the Istrian Peninsular to Dubrovnik and the Montenegro border. I am thrilled to be involved in such an exciting opportunity and look forward to reporting more extensively in due course."
END
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCBIMRTMTITBRM
(END) Dow Jones Newswires
January 27, 2020 02:00 ET (07:00 GMT)
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