Share Buy-Back

Thalassa Holdings Ltd

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

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

Share Buy-Back

The board of Thalassa announces that on 5 July 2019 the Company purchased 15,000 of its ordinary shares at a price of 80.50 pence per share. These shares will be held in treasury and in total there are now 8,407,247 ordinary shares in treasury. This purchase was made in accordance with the Company's Articles of Association and with a board authority dated 5 March 2019 to buy back up to £6,000,000.00 of the Company's shares.

As at the date hereof, the Company has purchased 495,000 ordinary shares under this authority for a total cost of £397,724.17 at an average price of 80.14 pence per share. The average purchase price of the total number of shares held in treasury, 8,407,247 shares, is 71.03 pence per share for a cost of £5,971,970.57. 

The Company advises that, following this purchase, the Company's issued ordinary share capital remains at 25,567,522 shares being the only securities in issue and admitted to the standard listing segment of the Official List of the UK Listing Authority (the "Official List") and to trading on London Stock Exchange plc's main market ("Main Market") for listed securities. The total number shares with voting rights is now 17,160,275 (excluding the 8,407,247 shares held in treasury) carrying one vote each. This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company.

The ISIN for the Thalassa ordinary shares is VGG878801031.

www.thalassaholdingsltd.com  

Note to Editors:

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