Statement of Thalassa Holdings Ltd 29/11/2016

RNS Number : 4536Q

Local Shopping REIT (The) PLC

29 November 2016

 

The Local Shopping REIT plc

Statement of Thalassa Holdings Ltd 29 November 2016 

The Board of The Local Shopping REIT plc ("the Company" or "LSR") notes the statement released by Thalassa Holdings Ltd ("Thalassa") this morning, including the comments of Thalassa's Chairman Mr Duncan Soukup, in connection with the Circular to shareholders issued by the Company on 22 November 2016. 

The Board considers that Thalassa's latest communication adds nothing to the matters set out in the Circular, but merely reinforces the Board's view that Mr Soukup and Thalassa are attempting to gain control of LSR via the back door.  To what purpose remains unclear, but the Board do not believe it is likely to be in the interests of LSR's shareholders, other than Thalassa.

For more information please contact:

The Local Shopping REIT plc

Tel: [phone]

Bill Heaney, Director and Company Secretary

 

END

 

 

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