THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 6269Y

Thalassa Holdings Limited

07 December 2017

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa", "THAL" or the "Company")

Share Buy-Back

The board of Thalassa announces that on 6 December 2017 the Company purchased 110,000 of its shares at a price of 98.5 pence per share. These shares will be held in treasury and in total there are now 5,354,882 shares in treasury. This purchase was made in accordance with the Company's Articles of Association and with a board authority dated 12 July 2017 to buy back up to GBP4,000,000 of the Company's shares. As at the date hereof, the Company has purchased 2,246,225 shares under this authority for a total cost of GBP1,960,742 or an average price of 87.29 pence per share. The average purchase price of the total number of shares held in treasury is 61.76 pence per share for a cost of GBP3,307,181.

The Company advises that, following this purchase, the Company's issued share capital remains at 25,567,522. The total number of shares with voting rights is now 20,212,640. This figure represents the total voting rights in the Company and 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 Company in compliance with Thalassa's Articles of Association.

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 

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 company news service from the London Stock Exchange

END

POSUNORRBSAURUA

(END) Dow Jones Newswires

December 07, 2017 02:00 ET (07:00 GMT)

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