THAL Thalassa Holdings Limited

 

TIDMTHAL 
 
RNS Number : 3301B 
Thalassa Holdings Limited 
26 October 2009 
 

Thalassa Holdings Ltd 
 
 
("the Company") 
 
 
Investment in Bella Media plc 
 
 
 
 
The Board of Thalassa Holdings Ltd (AIM: THAL.L) is pleased to announce that, 
on 9th October, the Company's subsidiary, Thalassa Private Investments Ltd, has 
taken, via a subscription of GBP150,000 for new shares, a 27% stake in Bella 
Media plc, a cash shell, containing c. GBP550,000 of cash, which recently 
delisted from AIM. In connection with this investment Duncan Soukup and Julian 
Henley-Price have joined the Board of Directors of Bella Media plc. 
 
 
The objectives of Bella Media plc are to seek re-admission to trading on AIM 
and/or PLUS Markets and to acquire a growth business. Whilst seeking 
a qualifying acquisition, Bella Media plc will endeavour to build value by 
acquiring positions in quoted companies that appear undervalued to the Board of 
Bella Media plc. 
 
 
Commenting on the transaction, Duncan Soukup said "The acquisition of 27% of 
Bella Media plc is the first of a number of private equity transactions that we 
have been working on to close. We are looking forward to working to further 
shareholders' interests as part of the enlarged Board of Bella Media plc and 
believe that a quoted "Cash Shell" offers an interesting and cost effective 
alternative to a an IPO where there is no guarantee that admission or a fund 
raising will succeed. We will be actively seeking to acquire a business with 
sustainable growth prospects." 
 
 
"Neither I nor the Board of Bella Media plc have any interest in depleting the 
Company's cash reserves whilst the acquisition process is ongoing; to this end 
Bella Media plc has set up an investment subsidiary to acquire holdings in 
publicly quoted companies which the Bella Media plc Board deem to be 
undervalued." 
 
 
 
 
 
 
Contact: 
 
 
Duncan Soukup, Executive Chairman    Tel: + 44 (0) 7703 566 937 
Thalassa Holdings Ltd 
 
 
Simon Leathers                             Tel: + 44 (0) 20 7776 6550 
Daniel Stewart & Company plc 
 
 
Notes to Editor: 
 
 
Thalassa Holdings Ltd, incorporated and registered in the BVI in 2007 and listed 
on AIM in July 2008, is a holding company with diversified interests in quoted 
and unquoted companies, including Marine Seismic. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBUBDGUUDGGCX 
 

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