Thalassa Holdings Limited Extension to Share Buy-Back programme (2630E)
17 Outubro 2018 - 3:01AM
UK Regulatory
TIDMTHAL
RNS Number : 2630E
Thalassa Holdings Limited
17 October 2018
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Extension to Share Buy-Back programme
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Further to the Company's announcement of 12 July 2017 announcing
a GBP4 million share buy-back programme, the board of Thalassa (the
"Board") has resolved to increase that share buy back programme
from a total cost of GBP4 million to GBP6 million.
As at the date hereof, the Company has purchased 4,169,090
ordinary shares under the 12 July 2017 authority at a total cost of
GBP3,696,322.73, or an average price of 88.66 pence per share. This
represents a 23.5% discount to the GBP1.16 book value ("BV") per
share, as reported in the Company's Interim Results for the 6
months ended 30 June 2018. In addition, the BV as at 30 June 2018
does not incorporate the $6m due from Fairfield/WGP in connection
with the sale of WGP's assets and business, as announced on 11 July
2018.
Commenting Duncan Soukup, Executive Chairman of Thalassa,
said:
"The Board believes that increasing the size of the share buy
back programme with a price limit below GBP1.16 represents good
value and will enhance BV per share for all THAL shareholders."
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
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contact rns@lseg.com or visit www.rns.com.
END
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