Thalassa Holdings Limited Proposed Transaction (1252H)
30 Julho 2021 - 11:23AM
UK Regulatory
TIDMTHAL
RNS Number : 1252H
Thalassa Holdings Limited
30 July 2021
30 July 2021
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.
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
(the "Company" or "Thalassa")
Proposed Transaction
The Board of Thalassa ("Board") is pleased to note the entry
into non-legally binding heads of terms ("Heads of Terms") between
Anemoi International Ltd ("Anemoi") and one of its investee
companies, id4 AG ("id4") which set out the key terms for the
proposed acquisition of the entire issued share capital of id4 (the
"Acquisition") by Anemoi. The Board also notes Anemoi's intention
to carry out a simultaneous fundraising to raise further working
capital for the enlarged group.
id4 is a Software as a Service (SaaS) company specialised in the
provision of digital Customer Lifecycle Management ("CLM")
solutions for financial and non-financial institutions, with
solutions that help institutions to on-board clients digitally in
an increasingly complex regulatory environment, whilst concurrently
delivering a client user-friendly experience. id4's Anti Money
Laundering ("AML") and Know Your Client ("KYC") software products
are specifically designed for use by small and medium sized
regulated financial intermediaries, such as brokers, IFAs,
independent asset managers, private banks, business process
outsourcers, insurance companies, law firms and trust
companies.
id4 was nominated as one of the RegTech 100 in 2020 . In
addition, id4 received the Best Compliance Solution Award in 2020
and the Best Fintech Solution Award in 2021 at the WealthBriefing
Swiss Awards .
The Board carefully considered id4's stage of development,
funding needs and potential benefits of becoming part of a listed
entity with id4's founders and senior management team. Following
these discussions, it was agreed that the opportunity offered by
Anemoi should be taken forward and accordingly the Heads of Terms
were entered into.
The Board would point out that there can be no certainty that
the Acquisition will take place and that it remains subject to,
amongst other things, the execution of definitive legal agreements
and the Company's ability to secure necessary approvals (as
required).
A further announcement will be made in due course.
-Ends-
Further information:
Thalassa Holdings Ltd
Duncan Soukup, Executive Chairman
(duncan.soukup@thalassaholdingsltd.com)
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END
MSCZZGFNDGGGMZM
(END) Dow Jones Newswires
July 30, 2021 10:23 ET (14:23 GMT)
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