Business
?18.1 million placing
?18.1 million placing.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 6895R Thalassa Holdings Limited 30 October 2013 \n \n\nThalassa Holdings Ltd\n(Reuters: THAL.L, Bloomberg: THAL:LN)\n(\"Thalassa\" or the \"Company\")\n£18.1 million placing\nThe Board of Thalassa is pleased to announce that the Company has conditionally raised £18.1 million (gross) through a placing of 7,240,000 new ordinary shares of US$0.01 each (\"Ordinary Shares\" and the \"Placing Shares\") with institutional shareholders, through its broker, WH Ireland Limited, at a price of 250 pence per Ordinary Share (the \"Placing\"). \nThe net proceeds of the Placing are intended to be used to provide the Company with additional capital to finance continued growth, whilst also further broadening the institutional shareholder base of the Company. \nDetails of the Placing \nApplication has been made for the Placing Shares, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, to be admitted to trading on AIM (\"Admission\"). Admission is expected to be effective from 8.00 am on 4 November 2013. \nThe Placing is conditional, inter alia, upon Admission becoming effective and the placing agreement entered into between Thalassa and WH Ireland Limited becoming unconditional in all respects by no later than 8:00 a.m. on 4 November 2013 or such later date, being not later than 8:00 a.m. on 29 November 2013, as Thalassa and WH Ireland Limited may agree. \nCommenting on the Placing, Duncan Soukup, Executive Chairman of Thalassa, said: \n\"We are again delighted by the support we have attracted from an enlarged group of leading UK institutional investors. This Placing significantly strengthens our balance sheet at a time when our level of order enquiry is at record levels, and provides us with further capital to enable us to fulfil our expected near term growth.\" \nTotal Voting Rights \nFollowing completion of the Placing, Thalassa's issued share capital will consist of 25,057,522 Ordinary Shares with voting rights. Thalassa holds 1,078,667 Ordinary Shares in treasury. \nTherefore, the total number of shares in issue with voting rights in Thalassa will be 23,978,855. \nThe above figure (23,978,855) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, T...