- Title:
Gitone Loan Update - Time:
08:28:12 - Date:
20 May 2020 - Category:
Miscellaneous - ID:
4676N
Thalassa Holdings
Gitone Loan Update
Thalassa Holdings Limited
20 May 2020
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa", "THAL" or the "Company")
Gitone Loan Update
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Further to its announcement of 27 January 2020 the Board of Thalassa announces that Thalassa and Gitone Beteiligungsverwaltungs GmbH (the "Partner") have executed a Variation Agreement to the Original Agreement entered into by the two parties, as announced 27 January 2020, whereby Thalassa's Loan to the Partner shall be limited to the initial amount of €5.5 million already extended to the Partner. The Variation Agreement also includes certain put/call option conditions available to both parties on the same terms.
The other commercial terms of the Loan announced on 27 January 2020 remain unchanged.
END
| Enquiries: |
|
| Thalassa Holdings Ltd |
|
| Duncan Soukup (Executive Chairman) |
+33 (0)6 78 63 26 89 |
| WH Ireland Limited (Financial Adviser) |
+44 (0)207 220 1650 |
| Chris Fielding, Managing Director, Corporate Finance |
|
Note to Editors:
About Thalassa
Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding company with various interests across a number of industries.
Gitone Loan Update08:28:1220 May 2020Miscellaneous4676N