Market announcement
AS Tallink Grupp
LEI code
529900QRMWAKKR3L9W75
Size of the entity
Large group
Economic activities
Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, Transportation and Storage, Accommodation and Food Service Activities, Administrative and Support Service Activities
Country of registered office
Estonia
General information
Categories
Dividends
Unique data record identifier
7887
Submission date and time
24.03.2020 12:50:00
Content of announcement in Estonian
Title
Dividendi mitte maksmine 2019. aasta majandustulemuste eest
Message
Vastavalt AS-i Tallink Grupp (Selts) dividendipoliitikale (majandustulemuste võimaldamisel maksta vähemalt 5 senti aktsia kohta), tulenevalt halvenenud ärikeskkonnast ning ettevõtte pikaajalisi huve silmas pidades on Seltsi juhatus otsustanud, et kavatseb teha nõukogule ettepaneku 2019. majandusaasta kasumist dividende mitte maksta. Sellega on muudetud juhatuse varasemat otsust teha ettepanek maksta dividende EUR 0.06 aktsia kohta. Seltsi juhatus tegeleb aktiivselt kulude ja rahavoogude juhtimisega, kindlustamaks tavapäraste operatsioonidega võimalikult kiire alustamise peale kriisi möödumist. Joonas Joost Juhatuse nõunik Investorsuhete juht AS Tallink Grupp Sadama 5 10111 Tallinn E-mail [email protected]
Content of announcement in English
Title
No dividend payment for 2019 financial year
Message
In accordance with AS Tallink Grupp's (Company) dividend policy (if the economic performance enables it, dividends would be paid in the minimum amount of 5 cents per share), due to a deteriorated operating environment and considering the Company's long-term interests, the Management Board has decided to propose to the Supervisory Board not to pay dividends from the 2019 financial year net profits. The decision overrules the previous decision to propose a dividend of EUR 0.06 per share. The Company's Management Board is actively focused on managing costs and cash flows to ensure it is ready to resume regular operations as quickly as possible after the crisis. Joonas Joost Advisor to the Management Board Head of Investor Relations AS Tallink Grupp Sadama 5 10111 Tallinn, Estonia E-mail [email protected]