THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 5443O

Thalassa Holdings Limited

30 January 2019

Thalassa Holdings Ltd

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

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

Update on proposed move to Standard Listing and amendment to the Company's

Articles of Association

Further to its update of 17 January 2019, the Company now anticipates that:

-- it will publish its prospectus in connection with its application to list its ordinary shares on the standard listing segment of the official list of the UK Listing Authority ("Official List" and "UKLA") and proposed admission to trading on the London Stock Exchange plc's main market ("Main Market") for listed securities on or before 1 February 2019; and

-- the Company's ordinary shares will be admitted to the Official List and commence trading on the Main Market, with trading simultaneously being cancelled on AIM, during the week commencing 4 February 2019.

Upon publication of the prospectus, a further announcement will be made confirming the actual dates on which the listing of the Ordinary Shares will be effected.

Further, pursuant to and in accordance with article 109 of the Company's articles of association, a resolution was passed by the directors of the Company approving a revised memorandum and articles of association ("Amended Articles") which, following consultation with the UKLA, includes an amendment to article 23 (compulsory transfer of shares).

Article 23(a) in the previous version of the articles of association, which granted the board a non-specific discretion to restrict the transfer of shares, has been deleted. The board's discretion to restrict the transfer of shares under the Amended Articles has now been limited to circumstances where the proposed transferee of such shares would be in breach of specified legislation were they to hold such shares. The Amended Articles have been adopted by the Company and a copy thereof will be available later today on Thalassa's website at http://thalassaholdingsltd.com/company-documents.htm.

All dates, including the final date of the publication of the prospectus, are subject always to receipt of the necessary approvals from the UKLA and the London Stock Exchange.

Further announcements will be made in due course.

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.

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END

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January 30, 2019 05:04 ET (10:04 GMT)

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