17th Sep 2019 17:17
(Alliance News) - Thalassa Holdings Ltd on Tuesday proposed to amend its memorandum and articles of association in order to allow "maximum flexibility" for capital returns.
The company said it has considered a "number of means" of returning capital to shareholders, including by way of dividend payments. The board believes that mandated pro rata share redemptions may be more cost effective for shareholders, Thalassa added.
Shares in Thalassa closed down 2.8% at 70.50 pence in London on Tuesday.
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