Gitone Loan Update

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 €5.5 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.

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Enquiries:
Thalassa Holdings Ltd
Duncan Soukup (Executive Chairman)	[phone]
WH Ireland Limited (Financial Adviser)	[phone]
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.

 

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