Stock Market News

Thalassa inks non-binding deal for founder's asset sales

January 12, 2024 at 05:18 am

Thalassa Holdings Ltd - British Virgin Islands-based investment holding company - Founder & Executive Chair Duncam Soukup agrees to sell "certain assets on a staggered basis" over two years. Company says non-binding heads of terms have been signed with a potential buyer, and will be followed up by a binding sale & purchase agreement. Expects initial completion around the end of February, and will announce further details once the SPA has been executed. News follows proposed voluntary contribution by Soukup to Thalassa Holdings announced in mid-February last year.

Current stock price: 25.75 pence, up 5.1% on Friday morning

12-month change: up 9.6%

By Emma Curzon, Alliance News reporter

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