LONDON - Thalassa Holdings Ltd (Reuters: THAL.L, Bloomberg: THAL:LN), a diversified holding company, has announced its intention to raise additional equity capital through a placing process managed by Peterhouse Capital Limited. The company is seeking to take advantage of potential market dislocations due to overvaluation in US markets and political turmoil in Europe.
The placing will be executed as a Dutch Auction, where selected financial institutions and existing shareholders of Thalassa can bid for shares within a price range of £0.20 to £0.30 per share. The final placing price will be determined by the independent directors of Thalassa's Board after considering all bids and consulting with Peterhouse.
The auction process commenced today with the aim of concluding by Friday, December 13, 2024. The successful completion of the placing is contingent upon the admission of the placing shares to the Equity Shares (Transition) category of the Official List of the Financial Conduct Authority (FCA) and to the main market of the London Stock Exchange (LON:LSEG) plc.
Mr. Soukup and associated parties have expressed their intent to participate in the placing, committing up to £2 million, with the final price to be determined by the outcome of the auction.
Interested shareholders and qualified investors are advised to contact Peterhouse through their stockbroker to place their bids. The placing is part of Thalassa's strategy to leverage upcoming opportunities in the market by increasing its capital base.
Thalassa's board is targeting FCA approval for a prospectus by the end of 2024, a necessary step for the shares' admission. The information regarding this announcement is considered inside information under the UK Market Abuse Regulation and the EU Market Abuse Regulation. This news is based on a press release statement from Thalassa Holdings Ltd.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.