Amendment to Memorandum & Articles & Notice of GM

RNS Number : 6571M

Thalassa Holdings Limited

17 September 2019

 

Thalassa Holdings Ltd

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

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

Amendment to Memorandum and Articles and Notice of General Meeting

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

The board of the Company (the "Board") has considered a number of means of returning capital to shareholders, including by way of dividend payments. The Board believes that mandated pro rata share redemptions may be more cost effective for shareholders as a whole and proposes to amend the Company's memorandum and articles of association ("M&A") in order to allow maximum flexibility in the manner in which it may seek to return capital. The proposed amendments to the M&A are set out in the notice of General Meeting.  The Company intends to continue to make market purchases of its shares pursuant to the board authority dated 5 March 2019 pending the General Meeting being held.

In the event that the resolutions are passed, the Board will communicate with shareholders should it decide to exercise its discretion to redeem shares, including details of the redemption price, which shall be at no less than market price, and how redemption proceeds will be paid to shareholders.

A notice convening the General Meeting, which is to be held at Columbus Monte-Carlo, 23 Avenue des Papalins, MC-98000 Monaco at 10am (CET) on 2 October 2019, is being posted to shareholders and is being placed on its website today.

The ISIN for the Thalassa ordinary shares is VGG878801031.

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:

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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