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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.
The share buyback period started on 10 December 2007 and ended on 17 January 2008.
During the period of 12.01.2008 - 17.01.2008 the following buyback transactions have been made:
Share - TAL1T
| Date |
Amount of
shares bought |
Average price
per share |
Total Cost |
| |
|
EUR |
EEK |
EUR |
EEK |
| 14.01.2008 |
290 000 |
1,070 |
16,74186 |
310 300 |
4 855 140 |
| 15.01.2008 |
25 000 |
1,040 |
16,27246 |
26 000 |
406 812 |
| 16.01.2008 |
310 000 |
1,040 |
16,27246 |
322 400 |
5 044 464 |
| 17.01.2008 |
310 000 |
1,010 |
15,80307 |
313 100 |
4 898 950 |
| |
|
|
|
|
|
| Total for period |
935 000 |
1,039 |
16,2624 |
971 800 |
15 205 366 |
| Bought before this notice |
3 000 000 |
1,062 |
16,6206 |
3 186 745 |
49 861 724 |
| Accumulated under buyback program |
3 935 000 |
1,057 |
16,5355 |
4 158 545 |
65 067 090 | |
 |
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The share buyback program has ended.
During the share buyback program AS Tallink Grupp bought back total of 3 935 000 own shares, which is 0.584% of the total share capital. The total contribution for the shares amounted to EUR 4.16 million (EEK 65.1 million). The average share price paid was EUR 1.057 (EEK 16.54) per share.
This share buyback program was 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 appointed Hansapank as lead manager of the program, who under a separate agreement with Tallink bought back shares on behalf of Tallink. Hansapank was independent on its trading decisions irrespective of and
without influence from Tallink as to the timing of the purchases as well as carried 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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