Thalassa Holdings Limited Thalassa Subsidiary Acquisition (9582W)
16 Dicembre 2019 - 09:30AM
UK Regulatory
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
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+33 (0)6 78 63 26
Duncan Soukup (Executive Chairman) 89
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WH Ireland Limited (Financial Adviser) +44 (0)207 220 1650
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Chris Fielding, Managing Director, Corporate
Finance
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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
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contact rns@lseg.com or visit www.rns.com.
END
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