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AS Tallink Grupp, Stock Exchange Release
19.07.2006
Silja acquisition completed
Today AS Tallink Grupp’s subsidiary AS Tallink Scadinavian concluded the 100% share purchase agreement of Silja Oy Ab which was signed on 11.06.2006. The agreement was approved by AS Tallink Grupp shareholders on 22.06.2006 at an extraordinary shareholders meeting and also approved by the Competition Authorities of Estonia, Finland and Sweden.
The following actions were taken today in lieu of the agreement.
Silja Holdings Ltd. today subscribed 5 million AS Tallink Grupp shares through a non-monetary contribution. The share capital non-monetary contribution was 7 877 938 Silja Oy Ab shares at a value of 18 850 000 Euro.
AS Tallink Scandinavian as the sole shareholder of Silja Oy Ab appointed a new board of directors consisting of Enn Pant, Ain Hanschmidt, Keijo Erkki Mehtonen, Andres Hunt, Lauri Kustaa Äimä and Ashwin Roy. The new board of directors voted Enn Pant as the Chairman of the Board. Mr. Antti Pankakoski will continue as the CEO of Silja Oy Ab.
AS Tallink Grupp acquired 100% of Ingebly (1699) Ltd. The share capital is 1 000 pounds sterling and the share nominal value is 1 pound sterling. The purpose of the company is to represent AS Tallink Grupp and its subsidiaries and to act as a process agent according to U.K. law.
AS Tallink Grupp
Peter Roose
Investor Relations Manager
+372 6409 800
www.tallink.com |