Movement of Shares into Treasury

RNS Number : 5785U

Thalassa Holdings Limited

23 December 2011

 



Thalassa Holdings Ltd

(AIM: THAL)

("THAL" or the "Company")

COMPANY PURCHASES ITS OWN SHARES

MOVEMENT OF SHARES INTO TREASURY

Further to the authorities granted to the Board of THAL in its Articles of Association, the Company purchased 52,000 of its ordinary shares at 25p on 22 December 2011 which will be transferred into treasury.

Following the purchase and non cancellation of these shares, the Company's voting capital consists of:

Total capital of the Company including ordinary shares held in Treasury	Number of ordinary shares (excluding shares held in Treasury) carrying voting rights	Number of ordinary shares held in Treasury
11,188,707	9,726,707	1,462,000

9,726,707 is the figure that should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company in accordance with the Financial Services Authority's Disclosure and Transparency Rules.

Duncan Soukup, Chairman of THAL said: "Given the 39% discount to tangible book value, based on the tangible book value of $7,659,081 reported in the financial results for the six months ended 30 June 2011, the Company will pursue its policy of buying back its own shares as long as they continue to trade at such a deep discount."

For further information please contact:

Duncan Soukup, Chairman                          Tel: + 33 (0)6 78 63 26 89

Thalassa Holdings Ltd

Antony Legge/James Felix                           Tel: + 44 (0)20 7776 6550

Daniel Stewart & Company plc

www.thalassaholdingsltd.com 

Notes to Editor:

Thalassa Holdings Ltd, incorporated and registered in the BVI in 2007 and listed on AIM in July 2008, is a holding company with a focus on Marine Seismic operations.

 

END

 

 

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