TIDMTHAL

RNS Number : 9582W

Thalassa Holdings Limited

16 December 2019

Thalassa Holdings

Thalassa subsidiary initial FinTech acquisition

Thalassa Holdings Limited

16 December 2019

Thalassa Holdings Ltd

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

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

Thalassa subsidiary acquisition

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

The board of Thalassa (the "Board") is delighted to announce, in line with its stated investment policy, the completion of the acquisition for up to a maximum of CHF 7 million ($7.1 million) of 100% of the issued share capital of id4 A.G. ("id4"), via Thalassa's wholly owned Swiss subsidiary, Apeiron Holdings A.G. ("Apeiron").

id4 is a Swiss RegTech company established in the Canton of Lucerne specialising in the provision of software in Client Life Cycle Management that supports Financial Institutions compliance with increased regulations - e.g. Know Your Customer ("KYC") and Anti-Money Laundering regulations.

The acquisition of id4 was satisfied as to CHF 113,330 ($115,139) in cash and as to a maximum of CHF 6.9 million ($7 million) in shares, valuing Apeiron at CHF35 million ($35.6 million). As a result, id4 shareholders have received 16% of the enlarged share capital of Apeiron with a further 4% set aside for future award.

Duncan Soukup, chairman of Thalassa said: "On behalf of the board, I would like to welcome the founders of id4, Sébastien Lalande and Emmanuel Nay, to Apeiron."

"Sébastien and Emmanuel are seasoned professionals both of whom have worked for many years in the banking and financial services industries and who have an exceptionally strong technical proposition. We are in no doubt that id4 will succeed in delivering advanced technological and cost-effective solutions to clients faced with an unprecedented increase in compliance and reporting obligations. I look forward to working with the id4 team and developing Apeiron's business, for which the Board has great ambitions."

"Id4 represents Apeiron's first FinTech acquisition in an expected series of further acquisitions in related RegTech disciplines, which will allow the founders of acquired companies to focus on developing their businesses whilst the board of Apeiron focuses on guidance, support and the capital needs of its holdings."

END

 
 Enquiries: 
 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 
  Finance 
                                                -------------------- 
 

www.thalassaholdingsltd.com

Note to Editors:

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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December 16, 2019 03:30 ET (08:30 GMT)

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