Alina Holdings Engages in Equity Placing and Subscription with Thalassa Holdings

Alina Holdings PLC has announced its intention to partake in an equity placing and subscription agreement with Thalassa Holdings Ltd. The company submitted a bid to subscribe for new ordinary shares in Thalassa at a confidential price. This action forms part of a larger placing effort by Thalassa, although the success of Alina's bid is not guaranteed.

The arrangement involves the subscription for ordinary shares, contingent on Alina's sale of property assets in Brislington and Hastings. The execution of the placing and subscription will depend on the admission of these shares to the London Stock Exchange's main market.

The relationship between Alina and Thalassa includes cross shareholdings and a shared director, Duncan Soukup. Consequently, the transaction is categorized as a related party transaction. Mr. Soukup abstained from related board decisions to ensure fairness and transparency, as affirmed by Alina's board.