Thalassa Holdings Limited Thalassa in on-going disposal discussions (7155C)
April 19 2017 - 7:00AM
UK Regulatory
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)
Thalassa (LSE:THAL)
Historical Stock Chart
From May 2024 to Jun 2024
Thalassa (LSE:THAL)
Historical Stock Chart
From Jun 2023 to Jun 2024
