Thalassa in on-going disposal discussions

RNS Number : 7155C

Thalassa Holdings Limited

19 April 2017

 

Thalassa Holdings Ltd

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

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

Thalassa Holding Ltd in on-going disposal discussions

The board of directors (the "Board") of THAL wishes to update the Company's shareholders on the status of strategies being considered by the Board in order to bridge the gap between THAL's current share price and the Board's assessment of the intrinsic value of the Company's assets.

The Board wishes to advise shareholders that it is in discussions with an interested party in relation to the potential disposal and/or partial disposal of one or both of the Company's wholly owned subsidiaries, WGP Group Ltd and Autonomous Robotics Limited. The Board would like to make it clear that these discussions are at a preliminary stage and may or may not lead to binding agreement(s) being entered into.  

Given the nature of the discussions, the Board has taken the decision to suspend the share buy-back programme authorised by the Board on 20 January 2017.

Investor Enquiries:

Thalassa Holdings Ltd

   Duncan Soukup, Chairman                                                 [phone]

WH Ireland Limited (Nominated Adviser and Broker)

   Chris Fielding, Head of Corporate Finance                         [phone]

Press Enquiries:

Square1 Consulting (Public Relations)

David Bick                                                                               [phone]

www.thalassaholdingsltd.com

Note to Editors:

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company currently with positions in the Energy Services and Defence and Homeland Security Industries.

 

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