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The public offering of Tallink Grupp’s new shares created keen investor interest, the company’s share capital was increased by EUR 34.6 million

Tallink Grupp has announced to the stock exchange the results of the public offering of the new shares of the company, held from 18 August to 1 September 2021, and the company’s decision how the new shares shall be allocated. Based on the decision of the company’s Supervisory Board, altogether 73,687,024 new shares of the company shall be allocated to the investors. As a result of the public offering, the company’s share capital was increased by EUR 34.6 million and the company gained over 4,500 new shareholders.

The public offering of the new shares was, first and foremost, aimed at the company’s approximately 30,000 existing shareholders, new interested investors were also able to subscribe to the company’s shares.
As part of the public offering, the company offered up to 66,988,204 new shares with the issue price of 0.47 euro per one new share. With the public offering of shares, the company intended to increase the company’s share capital by up to EUR 31.5 million.

As a result of keen subscription, altogether 12,020 investors subscribed for a total of 205,578,645 new shares of the company, meaning the offering was oversubscribed by 3.1 times. Therefore, the company decided to exercise its right to increase the number of shares offered by 10%, i.e. up to 73,687,024 shares.

Commenting on the results of the public offering of company’s shares, Paavo Nõgene, CEO of Tallink Grupp said:

- ”We are very delighted that the investors took a keen interest in subscribing to Tallink’s new shares, which is a strong sign of their trust and faith in our company as well as in its future, of which we are grateful indeed. Tallink has managed the ongoing challenge of the pandemic period well, has taken good care of the investors’ assets, and is dedicated to the continued development of the company, in order to be able to meet the expectations of our investors once the pandemic is behind us“.

Following the public offering results, the total number of company shareholders is now nearly 34,000.

The altogether 73,687,024 new shares of the company shall be allocated to the investors as follows:
• altogether 41,076,706 shares shall be allocated to the shareholders of the company holding the pre-emptive right to subscribe for the new shares.
• 13,682,510 shares shall be allocated to the members of the corporate governance bodies of the company, the pre-emptive right holders additionally with up to 1,000 shares and new investors with up to 500 shares;
• The remaining 18,927,808 shares shall be allocated to the pre-emptive right holders proportionally to their shareholding in the company.

The commencement of trading with the new shares on Nasdaq Tallinn is expected to occur on 17 September 2021, on Nasdaq Helsinki on 21 September 2021.

Sep 10 2021


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