LONDON – Thalassa Holdings Ltd (Reuters: THAL.L, Bloomberg: THAL:LN), a diversified holding company, has announced the successful conditional placement of 8,710,000 new ordinary shares at a placing price of £0.25 per share. The placement was conducted through Peterhouse Capital Limited and involved a mix of institutional investors and existing shareholders.
The company revealed that the placing price was determined following a Dutch Auction process conducted by its independent directors. This process has resulted in gross proceeds of approximately £2.177 million.
Thalassa expects to issue a Prospectus on December 20, 2024, in connection with the placement. The new shares are expected to be admitted to the Equity Shares (Transition) Category of the Official List of the Financial Conduct Authority (FCA) and to begin trading on the London Stock Exchange (LON:)’s main market around 8:00 a.m. on December 23, 2024. This admission is conditional upon the FCA’s approval.
Once issued, the placing shares will be fully paid and will rank equally in all respects with the existing ordinary shares of Thalassa. Furthermore, the shares will be free of all claims, liens, charges, encumbrances, and equities upon issuance.
This announcement is made in accordance with the market abuse regulation disclosure requirements under both the UK Market Abuse Regulation (UK MAR) and the EU Market Abuse Regulation (EU MAR). The information contained within this press release is considered to contain inside information as stipulated by Article 7 of these regulations.
The company has taken responsibility for the content of this announcement, which is based on a press release statement issued by Thalassa Holdings Ltd.
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