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 an offering price of £0.25 per share. The placement was conducted through Peterhouse Capital Limited and included a mix of institutional investors and existing shareholders.
The company revealed that the offer price was determined after the Dutch auction process conducted by its independent directors. This operation resulted in total revenues of approximately £2.177 million.
Thalassa expects to issue a prospectus on December 20, 2024 in connection with the offering. It is expected that the new shares will be accepted into the (transitional) share class on the official list of the Financial Conduct Authority (FCA) and begin trading on the stock exchange. London Stock Exchange (LON:) on the main market at approximately 8:00 AM on 23 December 2024. This admission is conditional on approval by the Financial Conduct Authority (FCA).
Once issued, the Offer Shares will be fully paid and will rank pari passu in all respects with Thalassa's existing ordinary shares. Furthermore, the Shares will be free from all claims, liens, charges, encumbrances and equity when issued.
This announcement is made in compliance with the Market Abuse Regulation disclosure requirements under both the UK Market Abuse Regulation (UK MAR) and the European Union Market Abuse Regulation (EU MAR). The information contained in this press release is deemed to contain inside information as set forth in Article 7 of these Regulations.
The Company has taken responsibility for the content of this announcement, which is based on a press release issued by Thalassa Holdings Ltd.
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