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Acting under the granted authorization by the Shareholders General Meeting the Management Board of AS Tallink Grupp decided on 05.12.2007 to initiate the share buyback program. Tallink plans to buy back maximum of up to 5 817 040 shares or up to the total aggregate consideration of EUR 7 million (EEK 109.5 million).
The share buyback period started on 10 December 2007 and will end on 17 January 2008.
During the period of 05.01.2008 - 11.01.2008 the following buyback transactions have been made:
Share - TAL1T
| Date |
Amount of
shares bought |
Average price
per share |
Total Cost |
| |
|
EUR |
EEK |
EUR |
EEK |
| 07.12.2007 |
50 000 |
1,070 |
16,74186 |
53 500 |
837 093 |
| 08.12.2007 |
250 000 |
1,080 |
16,89833 |
270 000 |
4 224 582 |
| 09.12.2007 |
280 000 |
1,080 |
16,89833 |
302 400 |
4 731 532 |
| 10.12.2007 |
285 000 |
1,080 |
16,89833 |
307 800 |
4 816 023 |
| 11.12.2007 |
260 000 |
1,080 |
16,89833 |
280 800 |
4 393 565 |
| |
|
|
|
|
|
| Total for period |
1 125 000 |
1,080 |
16,8914 |
1 214 500 |
19 002 796 |
| Bought before this notice |
1 875 000 |
1,052 |
16,4581 |
1 972 245 |
30 858 929 |
| Accumulated under buyback program |
3 000 000 |
1,062 |
16,6206 |
3 186 745 |
49 861 724 | |
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After these transactions AS Tallink Grupp owns 3 000 000 own shares, which is 0.445% of the total share capital.
Under the share buyback program up to EUR 3.81 million (EEK 59.6 million) remains to be used or up to 2 817 040 shares remains to be bought back.
This share buyback program is being implemented in accordance with the provisions of the European Commission's regulation no. 2273/2003 of December 2003, which protects listed companies against violation of insider legislation in connection with share buybacks. Tallink has appointed Hansapank as lead manager of the program, who under a separate agreement with Tallink will buy back shares on behalf of Tallink. Hansapank will be independent on its trading decisions irrespective of and without influence from Tallink as to the timing of the purchases as well as carry out the buyback according to the regulations and within the set framework of the programme.
Janek Stalmeister
Financial Director
AS Tallink Grupp
Tel: +372 6409 800
Fax: +372 6409 810
E-mail: janek.stalmeister@tallink.ee |
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