Thalassa Holdings Limited Update on Disposal Discussions (0804J)
June 26 2017 - 1:00AM
UK Regulatory
TIDMTHAL
RNS Number : 0804J
Thalassa Holdings Limited
26 June 2017
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Update on disposal discussions
Further to the Company's announcement of 19 April 2017, the
board of directors (the "Board") of THAL wishes to update the
Market in respect of the ongoing disposal discussions.
The Board has received an indication of interest from an
industry participant for the potential acquisition of 100% of the
business and assets of WGP Group Ltd. The interested party has
commenced preliminary due diligence and the on-going discussions
may or may not lead to a letter of intent. In addition, as part of
the potential transaction, the Company may enter into an agreement
to grant the interested party an option to invest in Autonomous
Robotics Ltd, subject to reaching mutually agreeable terms.
The Board fully expects that due diligence will be completed in
the next few weeks and that negotiations should be completed
shortly thereafter. The Board will continue to apprise the market
of developments as they occur.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Investor Enquiries:
Thalassa Holdings Ltd
Duncan Soukup, Chairman +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated Adviser and Broker)
Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650
www.thalassaholdingsltd.com
Note to Editors:
Thalassa Holdings Ltd, incorporated and registered in the BVI
and quoted on AIM, is a holding company currently with positions in
the Energy Services and Defence and Homeland Security
Industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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