LONDON – Thalassa Holdings Ltd (Reuters: THAL.L, Bloomberg: THAL:LN), a diversified holding company, has announced its intention to raise additional capital through a placement managed by Peterhouse Capital Limited. The company seeks to take advantage of potential market turmoil due to overvaluation in US markets and political unrest in Europe.
The offering will be carried out as a Dutch auction, where selected financial institutions and existing Thalassa shareholders can bid for shares within a price range of £0.20 to £0.30 per share. The final price will be determined by the independent directors of the Thalassa Board of Directors after consideration of all bids and consultation with Peterhouse.
The auction process began today with a view to completion by Friday, 13 December 2024. Successful completion of the offering is contingent on the acceptance of the tendered shares in the (transitional) share class on the FCA's official list. (FCA) and to the main market of London Stock Exchange (Color:) plc.
Mr Soukup and associated parties have expressed their intention to participate in the bid, and have committed an amount of up to £2 million, with the final price to be determined based on the outcome of the auction.
Interested shareholders and qualified investors are encouraged to contact Peterhouse through their securities broker to make their offers. This acquisition is part of Thalassa's strategy to capitalize on upcoming opportunities in the market by increasing its capital base.
Thalassa's board of directors aims to obtain FSA approval of the prospectus by the end of 2024, a necessary step for the shares to be accepted. Information relating to this advertisement is considered inside information under the UK Market Abuse Regulation and the EU Market Abuse Regulation. This news is based on a press release issued by Thalassa Holdings Ltd.
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