AS Tallink Grupp (the "Company" or "Tallink") announces that the management
board of the Company has today approved the additional Company's Finnish share
depositary receipt ("FDR") reward program whereby those employees of Tallink
Silja Oy and Tallink Silja AB, who were part of the original FDR bonus program
(announced with 1 November 2018 stock exchange release), but who did not
participate in the reward program in accordance with the terms and conditions of
the reward program before its expiry, would have an opportunity to obtain the
Company's FDRs.
Each such employee could obtain up to 750 FDRs free of charge provided that the
acceptance letter of the respective employee is received by Tallink by 18
December and the employee provides the required information for settlement of
the FDRs. Thus, in total 30,750 FDRs can be rewarded to the employees, which
corresponds to a total of 34,901.25 euros, calculated as at 30 November 2018
closing price on the Nasdaq Tallinn stock exchange.
The aim of the reward program is to facilitate the selected employees' long-term
interest in the development and growth of Tallink, and to increase the Company's
investor base in Finland.
The FDRs to be awarded under the reward program will be shares (converted to the
Company's FDRs) that the Company has repurchased from the market within the
framework of the share buy-back conditions, approved by the annual general
meeting on 9 June 2015 as announced with 1 November 2018 stock exchange release.
No new shares or Company's FDRs will be issued or offered.
Veiko Haavapuu
Financial Director
AS Tallink Grupp
Sadama 5/7
10111 Tallinn, Estonia
E-mail veiko.haavapuu@tallink.ee
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