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12 May 2011 15:16
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12 May 2011
Thalassa Holdings Ltd
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(AIM: THAL)
(the "Company")
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Result of AGM
Strategic Review
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The Company is pleased to announce that at the annual general meeting held earlier today, all resolutions were duly passed.
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Duncan Soukup, Chairman commented:
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"Notwithstanding a significant improvement in operating performance and the award of another contract announced 15 April 2011, the Company's shares last traded at 33.5p, which represents a 33% discount to it's admission price of 50p in July 2008, when the Company had no operations, and a 31.5% discount to the net asset value per share on a fully diluted basis of 48.9p as at 31 December 2010.
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As a result, the board has decided to review all strategic alternatives to enhance shareholder value including, but not limited to, the possible sale or merger of the Company, its operating subsidiary or the sale of assets.
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The board wish to emphasise that there is no certainty that this exercise will result in a transaction."
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Contact:
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Duncan Soukup, Chairman Tel: + 33 (0) 6 78 63 26 89
Thalassa Holdings Ltd
www.thalassaholdingsltd.com
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Antony Legge Tel: + 44 (0)20 7776 6550
Daniel Stewart & Company plc
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Notes to Editor:
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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. The Company is not subject to the UK's Code on Takeovers and Mergers.
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