Business
Loan to the Company
Loan to the Company.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n RNS Number : 0230H Thalassa Holdings Limited 11 February 2010 \n\nThalassa Holdings Ltd\n \n(\"the Company\")\n \nLoan to the Company\n \nDuncan Soukup has made a further loan to the Company, the principal terms of which are set out below:-\n \nPrincipal: GBP£300,000\n \nInterest rate: 10 per cent. per annum \n \nTerm: 1 year\nThe loan is secured on all investment assets held by the Company and its subsidiaries.\nThe purpose of the loan is to provide additional investment capital to the Company and its subsidiaries at a time when the Board believes the current market conditions provide access to, in its opinion, a number of undervalued investment opportunities.\nThe loan from Mr Soukup is a related party transaction pursuant to AIM Rule 13. The directors of the Company, with the exception of Mr Soukup, consider, having consulted with Daniel Stewart & Company plc, the Company's Nominated Adviser, that the terms of the loan are fair and reasonable insofar as the Company's shareholders are concerned.\nMr Soukup also has two further loans outstanding to the Company of which the capital total is USD$700,619.\nContact:\n \nDuncan Soukup, Executive Chairman Tel: + 33 (0)6 78 63 26 89\nThalassa Holdings Ltd\n \nSimon Leathers Tel: + 44 (0)20 7776 6550\nDaniel Stewart & Company plc\n \n \nNotes to Editor:\n \nThalassa Holdings Ltd, incorporated and registered in the BVI in 2007 and listed on AIM in July 2008, is a holding company with diversified interests in quoted and...