Thalassa Holdings Limited Further re Share Redemption and Return of Capital (1290D)

TIDMTHAL

RNS Number : 1290D

Thalassa Holdings Limited

26 October 2020

Thalassa Holdings Ltd

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

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

Further re Share Redemption and Return of Capital ("Transactions")

Further to the Company's announcement of 28 September 2020, and in response to various shareholder enquiries relating thereto, Thalassa confirms that:

-- By redeeming 33.65% of its Ordinary Shares and distributing in specie 33.65% of its net assets, THAL's Net Asset Value (NAV) per share (before taking into account the expenses relating to these Transactions) will remain, as before, approximately US$1.846 per share based on the interim balance sheet as at 30 June 2020.

-- The number of Ordinary Shares and Depositary Interests held by each Thalassa shareholder and Depositary Interest holder will reduce by 33.65% as a result of the Transactions. With effect from the date of this announcement, the total number of Ordinary Shares with voting rights is 9,297,748 (excluding the 11,554,505 shares held in treasury) carrying one vote each. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company.

 
 Enquiries: 
 Thalassa Holdings Ltd 
                                                -------------------- 
                                                   [phone] 
 Duncan Soukup (Executive Chairman)                               89 
                                                -------------------- 
 WH Ireland Limited (Financial Adviser)          [phone] 
                                                -------------------- 
 Chris Fielding, Managing Director, Corporate 
  Finance 
                                                -------------------- 
 

www.thalassaholdingsltd.com

Note to Editors:

Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding company with various interests across a number of industries.

Defined terms in this announcement are as set out in the announcement dated 28 September 2020.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.

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October 26, 2020 03:00 ET (07:00 GMT)