Less Ads, More Data, More Tools Register for FREE

Thalassa Seeks Amendment To Memorandum For Returns "Flexibility"

Tue, 17th Sep 2019 17:17

(Alliance News) - Thalassa Holdings Ltd on Tuesday proposed to amend its memorandum and articles of association in order to allow "maximum flexibility" for capital returns.

The company said it 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, Thalassa added.

Shares in Thalassa closed down 2.8% at 70.50 pence in London on Tuesday.

Related Shares

More News
12 Jan 2024 10:16

IN BRIEF: Thalassa inks non-binding deal for founder's asset sales

Thalassa Holdings Ltd - British Virgin Islands-based investment holding company - Founder & Executive Chair Duncam Soukup agrees to sell "certain asse...

3 Oct 2023 11:01

EARNINGS: Apollon Formularies "excited"; Alina loss widens

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued last week and not separately reported by Alliance News:

17 Jul 2023 15:49

TRADING UPDATES: Beacon sees delays; Churchill China trades in line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

11 Jul 2023 11:55

IN BRIEF: Thalassa Holdings annual loss narrows as revenue rises

Thalassa Holdings Ltd - British Virgin Islands-based investment holding company - Posts revenue of

22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.