THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 5267P

Thalassa Holdings Limited

08 February 2019

Thalassa Holdings Ltd

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

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

Buy-back Programme Resumption

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

The board of the Thalassa (the "Board") announces that it will resume the Company's share buy-back programme, which was suspended on 8 January 2019 immediately prior to the Company's announcement of a possible offer for The Local Shopping REIT plc ("LSR"). The last buy-backs of the Company's ordinary shares ("Ordinary Shares") were on 21 December 2018, which were made under a Board authority dated 16 October 2018 to buy back up to GBP6,000,000 of the Ordinary Shares. As at the date hereof, the Company has purchased 4,606,590 shares under this authority for a total cost of GBP4,078,669.81.

Following the Company's move to the Main Market and subsequent announcement of its firm intention to make an offer for the entire issued and to be issued share capital of LSR and the announcement of Thalassa's Preliminary Results for the year ended 31 December 2018, both on 6 February 2019, the Board is pleased to announce that the Company's share buy-back programme will resume with effect from today.

Concurrently, the Board is investigating passporting Thalassa's listing to an EU qualifying exchange in addition to the standard listing segment of the Official List of the UK Listing Authority.

Investor Enquiries:

Thalassa Holdings Ltd

      Duncan Soukup, Chairman                                                 +33 (0)6 78 63 26 89 

WH Ireland Limited (Financial Adviser)

      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, 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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February 08, 2019 07:00 ET (12:00 GMT)

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