TIDMTHAL

RNS Number : 4676N

Thalassa Holdings Limited

20 May 2020

Thalassa Holdings

Gitone Loan Update

Thalassa Holdings Limited

20 May 2020

Thalassa Holdings Ltd

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

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

Gitone Loan Update

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Further to its announcement of 27 January 2020 the Board of Thalassa announces that Thalassa and Gitone Beteiligungsverwaltungs GmbH (the "Partner") have executed a Variation Agreement to the Original Agreement entered into by the two parties, as announced 27 January 2020, whereby Thalassa's Loan to the Partner shall be limited to the initial amount of EUR5.5 million already extended to the Partner. The Variation Agreement also includes certain put/call option conditions available to both parties on the same terms.

The other commercial terms of the Loan announced on 27 January 2020 remain unchanged.

END

 
 Enquiries: 
 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 
                                                --------------------- 
 

www.thalassaholdingsltd.com

Note to Editors:

About Thalassa

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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May 20, 2020 03:28 ET (07:28 GMT)

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