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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 | 07:45:38 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil & Gas Field Services,nec | 296k | -1.45M | -0.1825 | -1.34 | 1.95M |
From Apr 2019 to Apr 2024
TIDMTHAL
RNS Number : 6272T
Thalassa Holdings Limited
16 October 2017
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or the "Company")
Investment in Papua Mining plc ("Papua")
Further to Papua's announcement on 13 October 2017 and the Company's on 18 September 2017, the board of Thalassa (the "Board") is pleased to announce that the 40,000,000 ordinary shares in Papua, acquired by the Company on 12 October 2016 at 1 pence per share, have been sold at a price of 1.15 pence per share.
The Company achieved a 23.3% return on investment, the difference being accounted for by currency gains.
Duncan Soukup, Chairman said: "The Board is delighted to have achieved an impressive return on investment, against a backdrop of the 0.25% interest per annum alternative had the cash been left on deposit at the bank.
The Board would like to point out that the acquisition of the Papua position was wholly consistent with the revised mandate approved by shareholders which amended the Company's strategy to expand the Board's investment mandate to any industry where the Board identified opportunity for capital growth."
Investor Enquiries:
Thalassa Holdings Ltd
Duncan Soukup, Chairman +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated Adviser and Broker)
Hot Features
Premium
Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650
www.thalassaholdingsltd.com
Note to Editors:
Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with various interest across a number of industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMMMGZKNGNZZ
(END) Dow Jones Newswires
October 16, 2017 02:00 ET (06:00 GMT)
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