Tallink Grupp

AS Tallink Grupp share capital reduction payments

Tallinn, 2016-07-07 14:09 CEST (GLOBE NEWSWIRE) --

AS Tallink Grupp share capital reduction payments

The Annual General Meeting of 14th of June 2016 resolved to reduce the share

capital of AS Tallink Grupp by the reduction of the book value of the shares.

In connection with the reduction of the share capital the monetary payments in

total amount of 40,192,922.40 euros (0.06 euros per share) will be made to the

shareholders. Before payments, the main procedures and time-limits of the

reduction of the share capital according to the Commercial Code are as follows:

1) Notice of creditors of the resolution on reduction of the share capital (the

notice was published on 15th of June 2016).

2) Submission of application for entry of the reduction of the share capital in

the commercial register not earlier than three months after publication of the

notice of creditors.

3) Share capital reduction payments to shareholders can be made no earlier than

three months after entry of the reduction of the share capital in the

commercial register.

Based on the information above and estimated time of the proceedings in

Commercial Registry, the payments to the shareholders in total amount of

40,192,922.40 euros (0.06 euros per share) will be made presumably in December

2016. The stock exchange announcement will be made when the exact time of

payment is known.

Veiko Haavapuu

Finance Director

AS Tallink Grupp

Sadama 5/7, 10111 Tallinn

Tel +372 640 9914

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