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
E-mail veiko.haavapuu@tallink.ee