Thalassa Holdings Limited Share Buy-Back (3951F)
October 29 2018 - 3:00AM
UK Regulatory
TIDMTHAL
RNS Number : 3951F
Thalassa Holdings Limited
29 October 2018
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Share Buy-Back
The board of Thalassa announces that on 26 October 2018 the
Company purchased 5,000 of its ordinary shares at a price of 88.5
pence per share. These shares will be held in treasury and in total
there are now 7,592,747 ordinary shares in treasury. This purchase
was made in accordance with the Company's Articles of Association
and with a board authority dated 16 October 2018 to buy back up to
GBP6,000,000 of the Company's shares. As a result of this purchase
5,000 preference shares have been cancelled in accordance with the
procedure announced on 4 October 2018.
As at the date hereof, the Company has purchased 4,484,090
ordinary shares under this authority for a total cost of
GBP3,974,343.73 or an average price of 88.63 pence per share. The
average purchase price of the total number of shares held in
treasury, 7,592,747 shares, is 70.08 pence per share for a cost of
GBP5,320,782.83.
The Company advises that, following this purchase, the Company's
issued ordinary share capital remains at 25,567,522 shares. The
total number of voting rights is now 197,722,525, comprising
17,974,775 ordinary shares (excluding those shares held in
treasury) and 17,974,775 preference shares (each carrying 10
votes). The total number of voting rights 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 voting rights of the
Company.
Investor Enquiries:
Thalassa Holdings Ltd
Duncan Soukup, Chairman +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated Adviser and Broker)
Chris Fielding, Managing Director, 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 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
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
POSFKFDQOBDDAKB
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