Dividend and reduction of share capital payment ex-date of AS Tallink Grupp is 19.06.2019
Both the list of AS Tallink Grupp’s shareholders entitled to the dividend and the list of the shareholders entitled to receive the payments arising from the reduction of the book values of the shares shall be fixed as at 20.06.2019 at the end of the working day of the settlement system.
Proceeding from the above, the ex-date is 19.06.2019. From that date the new owner of the shares (ISIN: EE3100004466) or Finnish Depository Receipts („FDR“s; ISIN FI4000349378) is not entitled to receive dividends for the year 2018 and to receive the payments arising from the reduction of the book values of the shares decided at the 23.05.2019 shareholders’ general meeting.
In relation to the ex-date there will be no conversion of shares and FDRs during 18-20.06.2019 (restricted period). Conversions of the securities after the ex-date will be allowed again from 21.06.2019. All possible pending trades, i.e. instructed but not completed prior to the beginning of the restricted period, must be reinstructed on the ex-date terms.
AS Tallink Grupp will pay a dividend of 33,494,102.00 euros (0.05 euros per share) on 3.07.2019.
The Annual General Meeting of 23 May 2019 resolved to reduce the share capital of AS Tallink Grupp by reducing the book value of the shares. In connection with the reduction of the share capital, the monetary payments in the total amount of 46,891,742.80 euros (0.07 euros per share) will be made to the shareholders. The procedures prior to the payment of the reduction of the share capital according to the Commercial Code are as follows:
1) notiification of creditors of the resolution on the reduction of the share capital and publication of the notice in an official online publication of the Republic of Estonia (Ametlikud Teadaanded) on 30 May 2019;
2) submission of application for entry of the reduction of the share capital into the commercial register not earlier than three months after the publication of the notice to 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 into the commercial register.
Based on the information above and the estimated time of the proceedings at the Commercial Registry, the payments to the shareholders in total amount of 46,891,742.80 euros (0.07 euros per share) are expected to be paid in December 2019. A stock exchange announcement will be made when the exact time of payment has been clarified.
Advisor to the Management Board
Head of Investor Relations
AS Tallink Grupp
10111 Tallinn, Estonia