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Finantsinspektsioon has approved Infortar's application to organize a public and voluntary takeover offer for Tallink's shareholders. The takeover offer at a price of 0.55 euros per share is voluntary – shareholders have the option, but not the obligation, to accept the offer.
The offer is valid until August 5 at 16:00, and to accept it, shareholders must contact their account manager bank and submit an order to accept the offer. The settlement will be arranged through the Estonian Central Securities Depository.
According to the offer process schedule, all shareholders will receive dividends of 6 cents per share for the previous year, regardless of whether they plan to use their sale rights. The offered price is close to Tallink's average share price over the last three years, which is 0.61 euros per share. A year ago, in June 2023, Tallink's share price was 0.56 euros per share. "Infortar believes in Tallink's financial and market position and plans to keep the company as a publicly traded firm. If there are shareholders in Tallink who doubt the economic prospects of our region, this offer creates liquidity in the market and allows them to consider exiting," said Ain Hanschmidt, CEO of Infortar.
