Thalassa : Proposed Admission to the Main Market

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Thalassa Holdings Limited ­ THAL Proposed Admission to the Main Market Released 07:00 21­Dec­2018

RNS Number : 2080L

Thalassa Holdings Limited 21 December 2018

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa", "THAL" or the "Company")

Notification of proposed admission to the Main Market and cancellation of trading on AIM

The Board of Thalassa announces its intention to apply to list its ordinary shares ("Ordinary Shares") on the standard listing segment of the Official List of the UK Listing Authority (the "Official List") and admission to trading on the London Stock Exchange plc's (the "London Stock Exchange") main market ("Main Market") for listed securities (together, "Admission").

Pursuant to AIM Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its Ordinary Shares on the AIM market of the London Stock Exchange ("AIM").

The Board has taken this decision as it believes that a standard listing will afford Thalassa greater flexibility in pursuing its strategy across Europe.

Admission will be through an introduction of the existing Ordinary Shares. The Company will not be issuing new shares in conjunction with the proposed Admission or the publication of the related prospectus. It is expected that the Company will publish its prospectus in connection with Admission on or around 14 January 2019 and it is anticipated that the Ordinary Shares will be admitted to the Official List, commence trading on the Main Market and simultaneously trading will be cancelled on AIM on 25 January 2019 (being at least 20 business days after this announcement), subject to receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange. The Company's shares will continue to be registered with their existing ISIN number VGG878801031 and SEDOL number B2QZ9D8. The Company's ticker symbol will continue to be THAL.

The prospectus will, when issued, be made available on the Company's website atwww.thalassaholdingsltd.com, and will be available for inspection at the offices of Locke Lord (UK) LLP, 201 Bishopsgate, London, EC2M 3AB between the hours of 9.30 am and 5.30 pm on any Business Day.

The Company's existing shareholders should consult their own tax advisers as to the tax implications of the Company's proposed move to the Main Market.

Further announcements will be made in due course.

WH Ireland will act as Financial Advisor and Broker to the Company following Admission.

Investor Enquiries:

Thalassa Holdings Ltd

Duncan Soukup, Chairman 89

+33 (0)6 78 63 26

WH Ireland Limited (Nominated Adviser and Broker)

Chris Fielding, Managing Director, Corporate Finance 1650

+44 (0)207 220

www.thalassaholdingsltd.com

Note to Editors:

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with various interests across a number of industries.

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Proposed Admission to the Main Market ‐ RNS