THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 8349K

Thalassa Holdings Limited

18 December 2018

Thalassa Holdings Ltd

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

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

Share Buy-Back

The board of Thalassa announces that on 17 December 2018 the Company purchased 7,500 of its ordinary shares at a price of 84.9 pence per share. These shares will be held in treasury and in total there are now 7,705,247 ordinary shares in treasury. This purchase was made in accordance with the Company's Articles of Association and with a board authority dated 16 October 2018 to buy back up to GBP6,000,000 of the Company's shares. As a result of this purchase 7,500 preference shares have been cancelled in accordance with the procedure announced on 4 October 2018.

As at the date hereof, the Company has purchased 4,596,590 ordinary shares under this authority for a total cost of GBP4,070,194.81 or an average price of 88.55 pence per share. The average purchase price of the total number of shares held in treasury, 7,705,247 shares, is 70.30 pence per share for a cost of GBP5,416,633.91.

The Company advises that, following this purchase, the Company's issued ordinary share capital remains at 25,567,522 shares. The total number of voting rights is now 193,585,785, comprising 17,862,275 ordinary shares (excluding those shares held in treasury) and 17,572,351 preference shares (each carrying 10 votes). The total number of voting rights 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 voting rights of the Company.

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 Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 18, 2018 05:54 ET (10:54 GMT)

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