Thalassa Holdings Limited Update on Disposal Discussions (8207M)
August 02 2017 - 1:00AM
UK Regulatory
TIDMTHAL
RNS Number : 8207M
Thalassa Holdings Limited
02 August 2017
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Update on disposal discussions
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Further to the Company's announcement of 13 July 2017, the board
of directors of THAL (the "Board") has received a revised and
improved conditional offers from the interested third party for the
acquisition of 100% of WGP Group Ltd and subsidiaries ("WGP") and
investment in Autonomous Robotics Ltd ("ARL").
The Board is reviewing the revised offers to acquire WGP and to
invest in ARL.
As a result, the Board has suspended any further purchases under
the share buy back programme until further notice.
Any transaction involving a disposal of WGP would be subject to
shareholder approval. It would also be important to secure client
approval, which cannot be unreasonably be withheld and is clearly
of importance to the future operations of WGP. Given the potential
buyer's position in the market, the Board would hope this would be
no impediment to the closing of a potential disposal.
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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