Thalassa Holdings Limited Reverse Takeover of id4 AG by Anemoi International (0177W)
17 Dicembre 2021 - 8:17AM
UK Regulatory
TIDMTHAL
RNS Number : 0177W
Thalassa Holdings Limited
17 December 2021
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17 December 2021
Thalassa Holdings Ltd
("Thalassa" or the "Company")
Reverse Takeover of id4 AG by Anemoi International Ltd
The Board of Thalassa Holdings Ltd (LSE:THAL) is pleased to note
completion of the acquisition by Anemoi International Ltd
("Anemoi") of id4 AG ("id4"). Thalassa has disposed of its 84%
shareholding in id4 (held indirectly through its 100% owned
subsidiary, Apeiron Holdings (BVI) Ltd) ("Apeiron") in return for
aggregate consideration of GBP4,480,000 ($5,929,772) to be
satisfied 50% on completion and 50% on a deferred basis dependent
on the financial performance of id4 over a 5 year period. On
completion of the acquisition today, Anemoi has therefore
unconditionally issued 56,000,000 Anemoi shares to Apeiron.
Thalassa carrying value of id4 AG was recognized in the latest
quarter accounts at $1,287,360, the Board are pleased with the
positive contribution that this transaction has on THAL's NAV and
the further potential contribution that can be achieved based on
id4's future performance.
Further details of the transaction are available in the
prospectus published by Anemoi on 13 December 2021 and available on
its website at www.anemoi-international.com .
Duncan Soukup, Executive Chairman, commented:
"We are delighted with the successful closing of the AMOI - id4
AG transaction, which now gives id4 the necessary capital to grow
sales and achieve profitability. Whilst id4 is still an early-stage
growth company, I am happy and grateful for the support received
from current and new investors in a difficult market, The AMOI -
id4 transaction was a relatively complex cross-border transaction,
made more difficult by health-related interruptions during the
process, and which, therefore, absorbed significantly more of
management's time and effort than anticipated. The completion of
this transaction will now give us all more time to focus on THAL's
other assets."
Thalassa Holdings Ltd
Duncan Soukup +33 676 84 50 51
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014
("MAR") as it forms part of UK domestic law by virtue of the
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END
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December 17, 2021 02:17 ET (07:17 GMT)
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