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Thalassa Holdings (THAL)


Wednesday 02 December, 2020

Thalassa Holdings

Share Buy-Back

RNS Number : 3103H
Thalassa Holdings Limited
02 December 2020

Thalassa Holdings Ltd

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

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

Share Buy-Back

The board of Thalassa announces that on 30 November 2020 the Company purchased 25,000 of its ordinary shares at a price of 55 pence per share. These shares will be held in treasury and in total there are now 11,579,505 ordinary shares in treasury. This purchase was made in accordance with the Company's Articles of Association and with a board authority dated 5 March 2019 to buy back up to £6,000,000.00 of the Company's shares.

As at the date hereof, the Company has purchased 3,667,258 ordinary shares under this authority for a total cost of £2,192,892.69 at an average price of 59.80 pence per share. The average purchase price of the total number of shares held in treasury, 11,579,505 shares, is 67.08 pence per share for a cost of £7,767,139.11. 

The Company advises that, following this purchase and further to the Share Redemption and Return of Capital announced by the Company on 28 September 2020, the Company's issued ordinary share capital is 20,852,306 shares being the only securities in issue and admitted to the standard listing segment of the Official List of the UK Listing Authority (the "Official List") and to trading on London Stock Exchange plc's main market ("Main Market") for listed securities . The total number of shares with voting rights is now 9,272,801 (excluding the 11,579,505 shares held in treasury) carrying one vote each. This figure represents the total voting rights in the Company and 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 Company.


The ISIN for the Thalassa ordinary shares is VGG878801114.



Thalassa Holdings Ltd

Duncan Soukup (Executive Chairman)

+33 (0)6 78 63 26 89

WH Ireland Limited (Financial Adviser)

+44 (0)207 220 1650

Chris Fielding, Managing Director, Corporate Finance    

Note to Editors:

Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding company with various interests across a number of industries.


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