Thalassa Holdings and Newmark Security Agree on Board Reconstitution

Thalassa Holdings Ltd has reached an agreement with Newmark Security plc's Board regarding changes to the Newmark Board. Thalassa's decision to support these changes comes after withdrawing its opposition to Mr. Yap's re-appointment. The company aims to align management's compensation with profitability for the shareholders.

Duncan Soukup of Thalassa expressed optimism about the potential outcomes of the reconstitution. He emphasized that the changes could lead to cost reductions, improved profitability, and better returns for shareholders. Thalassa views these developments as a positive step for strengthening relations with its investee companies.

The announcement was made as part of a regulatory update in accordance with the Market Abuse Regulation.