Director's Dealings

RNS Number : 7272C

Thalassa Holdings Limited

19 April 2013

 



Thalassa Holdings Ltd

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

("Thalassa" or the "Company")

Director's Dealings

Thalassa has received notification that on 17 April 2013, Duncan Soukup, Executive Chairman and a director of the Company, acquired 447,750 ordinary shares of US$0.01 each in the Company ("Ordinary Shares") at a price of 120 pence per share as part of the placing announced on 12 April 2013.

As a result, Mr Soukup is interested in 4,612,571 Ordinary Shares, representing approximately 28.2% of the Company's issued ordinary share capital.

Contacts:

Thalassa Holdings Ltd:

   Duncan Soukup, Executive Chairman                                         [phone]

WH Ireland Limited (Nominated adviser):

   Chris Fielding, Head of Corporate Finance                                        020 7220 1650

www.thalassaholdingsltd.com  

Notes to Editor:

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with a focus on marine seismic operations. The corporate strategy for the Group is "Exploration and Beyond". "Exploration" is focused on activity in frontier and challenging locations, whilst "Beyond" focuses on production activity by looking to secure opportunities in the permanent reservoir monitoring market. Thus activity and focus will be dominated by projects in remote and challenging frontier locations, coupled with lower risk projects in mature producing regions.

Alongside the technical expertise and consultancy in marine seismic operations provided through its subsidiary, WGP, the Group owns and operates two portable modular source systems (PMSS(TM)). The PMSS(TM) generates a seismic source for use in seismic acquisition for use in petroleum exploration and production. The equipment is temporarily installed on the back of a platform supply vessel for the purposes of acquiring data.

 

END

 

 

RDSBLGDSBGBBGXI