LONDON - Thalassa Holdings Ltd (Reuters: THAL.L, Bloomberg: THAL:LN), an investment holding company, has published a prospectus following the allotment of new shares, the company confirmed today. The Financial Conduct Authority (FCA) has approved the prospectus, which is now available for public viewing on both the company's website and the National Storage Mechanism.
The company has allotted 8,710,000 Placing Shares at a nominal value of US$0.01 each, with the condition that these shares will be admitted to the London Stock Exchange (LON:LSEG)'s main market for listed securities. The expected admission date is on or around 8:00 a.m. on January 10, 2025. Upon admission, the company's issued share capital will consist of 16,655,838 ordinary shares.
In addition, Thalassa has entered into a subscription agreement with Alina Holdings plc, wherein Alina has committed to subscribe for up to 12,000,000 new ordinary shares at a price of £0.25 per share, contingent upon the sale of Alina's property assets. The subscription is capped at £3,000,000 and is dependent on the completion of the Placing Shares. If the Placing does not proceed, the subscription will be void. Alina has until December 19, 2025, to complete the subscription, after which the company may cancel the agreement.
The transaction between Thalassa and Alina is considered a related party transaction due to cross shareholdings and shared directorship by Duncan Soukup. Soukup recused himself from the board meeting that approved the transaction, and independent directors have assessed the subscription as fair and reasonable for the company and its shareholders.
This announcement is based on a press release statement and contains information that is considered inside information under the UK Market Abuse Regulation. The company is responsible for the content of this announcement.
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