Business
Transaction in Own Shares
Transaction in Own Shares.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 7833K Thalassa Holdings Limited 02 August 2013 \n \n\nThalassa Holdings Ltd\n(Reuters: THAL.L, Bloomberg: THAL:LN)\n(\"Thalassa\" or the \"Company\")\nTRANSACTION IN OWN SHARES\nThe Board of Thalassa is pleased to announce that on 1 August 2013 the Company has sold 383,333 ordinary shares of US$0.01 each (\"Ordinary Shares\") out of treasury at a price of 163p per Ordinary Share, raising gross proceeds of £623,832.79. \nFollowing the sale, the Company's issued share capital, excluding treasury shares, comprises 16,738,855 Ordinary Shares of US$0.01 each. The total number of Ordinary Shares remaining held in treasury is 1,078,667.\nThe Company has received notification that THAL Discretionary Trust has acquired 383,333 Ordinary Shares, which increases its interest in Thalassa to a total of 1,000,000 Ordinary Shares, which represents 6.0 per cent of the issued share capital excluding shares in treasury. \nContacts: \nThalassa Holdings Ltd: \nDuncan Soukup, Executive Chairman +33 (0)6 78 63 26 89 \nWH Ireland Limited (Nominated adviser): \nChris Fielding, Head of Corporate Finance 020 7220 1650 \nwww.thalassaholdingsltd.com \nNotes to Editor: \nThalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with a focus on marine seismic operations. The corporate strategy for the Group is \"Exploration and Beyond\". \"Exploration\" is focused on activity in frontier and challenging locations, whilst \"Beyond\" focuses on production activity by looking to secure opportunities in the permanent reservoir monitoring market. Thus activity and focus will be dominated by projects in remote and challenging frontier locations, coupled with lower risk projects in mature producing regions. \nAlongside the technical expertise and consultancy in marine seismic operations provid...