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Alina Holdings PLC ( (GB:ALNA) ) just unveiled an announcement.
Alina Holdings PLC has submitted a bid to participate in the equity placing initiated by Thalassa Holdings Ltd to subscribe for new ordinary shares, though success is not guaranteed. The company has also approved a subscription agreement with Thalassa, contingent on the sale of its property assets in Brislington and Hastings, and requires admission of the shares to the London Stock Exchange’s main market. The transaction is considered a related party transaction due to cross shareholdings and a shared director, leading to the recusal of Duncan Soukup from board decisions. The board deems the participation fair and reasonable for the company and its shareholders.
More about Alina Holdings PLC
YTD Price Performance: -11.93%
Average Trading Volume: 2,676
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £1.05M
Learn more about ALNA stock on TipRanks’ Stock Analysis page.