Thalassa Holdings Ltd Announces Proposed Equity Placing

Thalassa Holdings Ltd, a diversified investment company, has announced a proposed equity placing aimed at selected financial institutions and current shareholders. This strategic move seeks to capitalize on perceived market opportunities due to potential price dislocations in the global financial landscape.

The company has entered into an agreement with Peterhouse Capital Limited for an auction process or 'Dutch Auction'. Bids will range from £0.20 to £0.30 per share. Interested parties, including existing shareholders, can submit bids through their stockbroker. The final placing price will be decided by the Board's independent directors with advice from Peterhouse.

The board of Thalassa sees economic challenges in the US, UK, and Europe as potential opportunities. With US markets deemed overvalued and European markets facing political challenges, Thalassa aims to raise additional capital to engage strategically in these markets.