Update - Luxembourg subsidiary

RNS Number : 3480D

Thalassa Holdings Limited

09 October 2018

 

Thalassa Holdings Ltd

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

("Thalassa" or the "Company")

Update - Luxembourg subsidiary

The board of Thalassa (the "Board") is pleased to announce that the Company is in the process of incorporating a new wholly owned subsidiary in Luxembourg, with the intention of obtaining a listing on the Luxembourg Stock Exchange. The new company will initially be a cash shell considering a number of potential transactions in Europe, which will benefit from a listing to raise any additional funds required and provides the Company with flexibility post-Brexit. The Board consider Luxembourg, lying within the EU, to be an attractive location both geographically and for the transactions under consideration.

Contacts:

Thalassa Holdings Ltd:

Duncan Soukup, Executive Chairman                          [phone]

WH Ireland Limited (Nominated adviser):

Chris Fielding, Managing Director, Corporate Finance      020 7220 1650

www.thalassaholdingsltd.com

Notes to Editor:

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with various interests across a number of industries.

 

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