Acquisition of a stake in Renewable Power & Light
19 Janeiro 2010 - 12:26PM
UK Regulatory
TIDMTHAL TIDMRPL
RNS Number : 7897F
Thalassa Holdings Limited
19 January 2010
Thalassa Holdings Ltd
("the Company")
Acquisition of a stake in Renewable Power & Light plc
The Company is pleased to announce that on 18 January 2010 it, together with
CityPoint Holdings Ltd, acquired a combined beneficial interest in 26,487,430
ordinary shares in Renewable Power & Light plc ("RPL", AIM : RPL.L), which
represents a total of 29.8% of the current issued share capital based on
88,764,646 shares in issue as per RPL's web site dated 16 December 2009.
The Company acquired 9,827,430 ordinary shares, which represents 11.07% of the
current issued share capital, at a price of 3p per share. Additional
consideration, of up to 1p per share, may be due if RPL's net assets are
subsequently found and announced to be greater than 3.75p per share.
CityPoint Holdings Ltd acquired 16,660,000 ordinary shares, which represents
18.77% of the current issued share capital, on the same day and on the same
terms.CityPoint Holdings Ltd is a subsidiary of CityPoint Investments plc ("CPI
plc", formerly Bella Media plc). The Company is deemed under the Takeover Code
to be acting in concert with CPI plc by virtue of its 27% equity ownership CPI
plc.
Contact:
Duncan Soukup, Executive Chairman Tel: + 33 (0)6 78 63 26 89
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
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