RNS Number : 6997P

Thalassa Holdings Limited

14 October 2019

Thalassa Holdings Ltd

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

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

Share Buy-Back

The board of Thalassa announces that on 11 October 2019 the Company purchased 414,992 of its ordinary shares at a price of 55.00 pence per share. These shares will be held in treasury and in total there are now 9,020,239 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 GBP6,000,000.00 of the Company's shares.

As at the date hereof, the Company has purchased 1,107,992 ordinary shares under this authority for a total cost of GBP773,725.56 at an average price of 69.66 pence per share. The average purchase price of the total number of shares held in treasury, 9,020,239 shares, is 70.37 pence per share for a cost of GBP6,347,969.22.

The Company advises that, following this purchase, the Company's issued ordinary share capital remains at 25,567,522 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 16,547,283 (excluding the 9,020,239 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 VGG878801031.

 Thalassa Holdings Ltd 
                                                   +33 (0)6 78 63 26 
 Duncan Soukup (Executive Chairman)                               89 
 WH Ireland Limited (Financial Adviser)          +44 (0)207 220 1650 
 Chris Fielding, Managing Director, Corporate 


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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(END) Dow Jones Newswires

October 14, 2019 02:00 ET (06:00 GMT)

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