Share buy-back and distribution of own shares
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The following changes have occurred in AS Tallink Grupp's own shares:
Share buy-back
On 28 November 2018 AS Tallink Grupp (the “Company” or “Tallink”) has acquired own shares on the Nasdaq Tallinn stock exchange as follows:
| Date | Amount of shares bought | Average share price, (EUR) | Total purchase price,( EUR) |
| 28 November 2018 | 22,500 | 1.073 | 24,137.50 |
Within the framework of the share buy-back conditions, approved by the AS Tallink Grupp Annual General Meeting on 9 June 2015, the Company will acquire from 2 November 2018 onwards its own shares in the maximum amount of EUR 500 000.
The Company announced the share buy-back in the stock exchange release dated 1 November 2018 among other activities related to the process of secondary listing of the Company's shares on the Nasdaq Helsinki stock exchange.
Distribution of own shares
On 28 November 2018 AS Tallink Grupp has distributed its own shares converted to Finnish share depositary receipts (the “FDRs”) to the employees of Tallink Silja Oy and Tallink Silja AB who participated in the FDR reward program for the selected group of employees of Tallink Silja Oy and Tallink Silja AB announced with the stock exchange release dated 1 November 2018 (“FDR reward program”).
The Company has allocated FDRs to 271 employees of Tallink Silja Oy and Tallink Silja AB. Each such employee received 750 FDRs. As a result, the Company distributed in total 203 250 FDRs to these employees pursuant to the FDR reward program.
As of the date of this announcement (pending technical settlement of the FDRs to the employees), the Company holds 269,613 own shares. The Company does not hold any own FDRs.
Veiko Haavapuu
Financial Director
AS Tallink Grupp
Sadama 5/7
10111 Tallinn, Estonia
Tel. +372 640 9914
E-mail [email protected]
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