Last checked at 29 Sep 2020 11:03
Thalassa Holdings
Gitone Loan Update
Thalassa Holdings Limited
29 September 2020
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Gitone Loan Update
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
The Board of Thalassa announces that Gitone Beteiligungsverwaltungs GmbH ("Gitone") has repaid its €5.5 million loan (first announced on 27 January 2020), together with accrued interest of €26,927.08. Having determined not to exercise its conversion option, Thalassa therefore has no further participation in Gitone and its assets.
Including the loan repayment, the Company's current assets (cash and liquid, short term investments) currently amount to c.$16.5 million (c.£12.9m) or $1.178 per share (c.£0.92 per share).
END
Enquiries: |
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Thalassa Holdings Ltd |
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Duncan Soukup (Executive Chairman) | +33 (0)6 78 63 26 89 |
WH Ireland Limited (Financial Adviser) | +44 (0)207 220 1650 |
Chris Fielding, Managing Director, Corporate Finance |
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www.thalassaholdingsltd.com
Note to Editors:
About Thalassa
Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding company with various interests across a number of industries.