Thalassa Holdings Limited Update on buy back programme (1395U)
October 20 2017 - 1:00AM
UK Regulatory
TIDMTHAL
RNS Number : 1395U
Thalassa Holdings Limited
20 October 2017
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Update on buy back programme
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Further to the Company's announcements of 15 August 2017 and 22
September 2017, the board of directors of Thalassa (the "Board")
has resolved to lift the suspension of the share buy back programme
announced on 22 September.
The Board is currently unaware of any impediments to completion
of the proposed WGP Group Ltd ("WGP") and Autonomous Robotics
Limited ("ARL") transactions first announced on 19 April 2017, with
closing subject to the renewal by 30 November 2017 of the WGP
seismic contract first announced on 27 February 2013.
The Board would however point out that completion of the WGP and
ARL transactions is contingent upon final exchange of contracts.
The Board anticipates exchange of contracts by the end of November,
followed by a general meeting to approve the transaction mid
December 2017 with a targeted completion before the year-end
2017.
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, Defence and Homeland Security and Real
Estate.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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