• 2021 August 2 13:59

    Tallink Grupp to increase share capital and to conduct public offering of new shares

    Tallink Grupp has today announced to the stock exchange the intention to increase the company’s share capital by up to EUR 31.5 million and the intention to conduct a public offering of new shares. The intended subscription period of the new shares is intended to be 18 August 2021 (including) – 01 September 2021 (including) and the company intends to offer up to 66,988,204 new ordinary shares.

    In case of oversubscription, the company may increase the number of shares offered by 10%, i.e. up to 73,687,024 shares, as a result of which the company’s share capital would be increased by up to EUR 34.6 million.

    The intended issue price per one new share is 0.47 euro per one share, which corresponds to the accounting value of the share, i.e. there is no issue premium.

    The new shares shall upon due issue rank pari passu with the existing ordinary shares of the Company and will grant shareholders similar rights. The new shares shall grant the shareholders the right to dividends for the financial year started on 01.01.2021 and the subsequent financial years.

    The existing shareholders of the company shall have the pre-emptive right to subscribe for the new shares in accordance with the provisions of the Commercial Code exercisable during the same subscription period referred to above. The list of the shareholders entitled to exercise the pre-emptive right to subscribe for the new shares shall be fixed at the end of the business hours of Nasdaq Central Depositary of Shares (Nasdaq CSD) on 17 August 2021 (the record date).

    AS Infortar, the largest shareholder of the company, holding approximately 39% of all the shares of Tallink Grupp, has issued a subscription guarantee to the company under which it undertakes, unconditionally and irrevocably, to subscribe for the new shares (if offered publicly as described above) in the total value of up to EUR 15 million.

    Commenting on the intention of the public offering of shares, Tallink Grupp’s CEO Paavo Nõgene said: „In 2020, as the COVID crisis broke out, we had to react and act fast in order to secure the stability and sustainability of the company and, at that time, we made the decision to initially focus on finding quick solutions with our good existing financial partners and our home markets’ governments. We are grateful to both our partner banks as well as our authorities and governments for the support given and their continued trust in us during these challenging times.

    „I am pleased that, in addition to the support from our partners and states, the faith in us has also significantly increased among our investors, the number of whom has more than doubled during the crisis and totals more than 28 700 at present, including 7 000 FDR holders in Finland. This figure and faith in us tells us that our shareholders support and understand the decisions made during this unprecedented year and believe they were the right course of action.

    „With the intended increase of share capital and public offering of shares we would now like to balance the steps taken so far with including our shareholders more and to offer all our good current and future shareholders also the opportunity to contribute to securing the future of our company.“

    The company intends to conduct a public offering of the new shares simultaneously in Estonia and Finland (in Finland in the form of the Finnish depositary receipts, FDRs) and Tallink intends to apply for the listing and admission to trading of the new shares in the main lists of the Nasdaq Tallinn Stock Exchange and the Nasdaq Helsinki Stock Exchange (in the latter in the form of the Finnish depositary receipts, FDRs).

    Conducting the public offering is subject to the approval of a public offering and listing prospectus by the Estonian Financial Supervision Authority, the proceedings of which are currently pending. The public offering is conducted in partnership with Swedbank in Estonia and digital investment platform Nordnet in Finland.

    AS Tallink Grupp is one of the leading providers of passenger transport and cargo transport services in the northern part of the Baltic Sea region. The company owns 15 vessels and operates several ferry routes under the brand names of Tallink and Silja Line. AS Tallink Grupp employs around 4,000 people in Estonia, Finland, Sweden, Latvia, Russia and Germany. The shares of Tallink Grupp are listed on the Tallinn Stock Exchange and Nasdaq Helsinki Stock Exchange.




2024 May 10

15:37 MITSUI E&S production volume of large marine engines reaches 155 units in FY2023
13:51 Fincantieri: Vard to build a hybrid Ocean Energy Construction Vessel for the norwegian shipping group Island Offshore
11:46 Med Marine selects Kongsberg Maritime thrusters for six stern-drive tugs for Tunisian port authority
09:52 Seatrium signs multi-year technology collaboration agreement with ABS to accelerate decarbonisation and energy transition

2024 May 9

16:04 Wallenius Wilhelmsen announces another solid quarter
14:23 Stena Line to increase cargo capacity by 30% on Stena Forerunner and Stena Foreteller
12:06 ClassNK releases report “ClassNK Alternative Fuels Insight”
10:13 Sea-Intelligence: Improved vessel delays may release more capacity

2024 May 8

18:00 ADNOC signs third long-term Heads of Agreement for Ruwais LNG project
17:11 VARD picks TMC to equip newbuild cable laying vessel
16:47 QatarEnergy and Nakilat enter long-term agreement to charter and operate nine “QC-Max” class LNG vessels
16:16 Qingdao port sees cargo and container volume growth in Q1
15:56 Tanker orderbook relative to active fleet rises to highest level in five years
15:28 Svitzer completes tug series delivery in Brazil
13:41 Brazil floods hit food silos, disrupt routes to the port of Rio Grande
13:17 Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
12:47 Baltic Shipyard commences dock-side trials of Project 22220 icebreaker Yakutia
12:43 Wartsila 25 engine to power three new fishing vessels
11:10 ABS awards world’s first REMOTE-CON Notation for FPSO Liza Unity
10:44 Jan De Nul puts spray pontoon DN178 into use
10:17 Korea сan overtake China in shipbuilding market share
09:41 New Dayang receives an order for two bulkers from United Marine Egypt

2024 May 7

18:00 PPA hands over ICPC to VCT
17:05 TotalEnergies and Sinopec strengthen cooperation
16:42 Evergreen orders six container ships in China
16:33 Zelenodolsk Shipyard hosts launching ceremony for Navy’s duo
16:15 Valenciaport receives three bids for the tender for the management of La Marina
15:31 Vessel from Ukraine grounded in Turkey's Bosphorus Strait
15:14 ICTSI net income up 36% to US$209.88 mln in Jan-March of 2024
14:45 HD Hyundai files complaint against Hanwha Ocean for alleged defamation in leak of military secrets
14:27 Hapag-Lloyd and IKEA collaborate to advance cleaner shipping
13:57 Marlink upgrades managed hybrid network across Simon Møkster Shipping’s offshore fleet
11:25 Vard Marine welcomes BluMetric Environmental into the Team Vigilance Preferred Suppliers Program
10:48 WinGD secures an order for its X‑DF‑A ammonia-fuelled engines

2024 May 6

18:00 CMA CGM to suspend Bremerhaven call on its SAFRAN service connecting East Coast South America with Europe
17:12 CMA CGM announces PSS from Asia to East Africa, South Africa and Indian ocean
16:47 Taylor Smith Shipyard announces cooperation agreement with Nouum Engineering
16:09 Incat Crowther-commissioned to design new fast supply vessel for African offshore energy sector
15:47 Seaspan completes rollout of Starlink across entire fleet
15:26 Asia is the largest importer of LNG
13:50 Goa shipyard holds the keel laying ceremony of the first new generation maritime patrol ship
13:20 Maersk says Red Sea disruption will cut capacity by 15-20% in Q2 2024
12:43 DP World acquires Laos dry port operator Savan Logistics
11:42 Seatrium secures FPSO topsides integration contract with MODEC
11:25 CMA CGM to strengthen and reshuffle its Africa lines - India Middle East Gulf services
10:46 Fortescue completes trials chassis and maneuverability testing of dual-fuelled ammonia-powered vessel in the Port of Singapore

2024 May 5

17:41 Visayas Container Terminal delivers enhanced productivity, efficiency to ICPC
15:07 Höegh LNG announces agreement to deploy FSRU Hoegh Galleon to Egypt
14:22 Metal Shark building 22 high-speed surface interceptor vessels for JDF
12:14 AAL's B-Class heavy lift ship named at a Chinese shipyard
10:04 DNV: April sees jump in methanol-fueled tanker orders

2024 May 4

15:17 Lomar takes bulker investment to $127 million inside a year
13:47 HD Hyundai, ABS to set standards for e-propulsion ships
12:08 Australian Govt selects BAE Systems and ASC to build sovereign nuclear powered submarines
10:51 Van Oord’s heavy lift installation vessel undergoes upgrade

2024 May 3

18:00 Holland America Line begins pilot test of renewable fuels on its flagship, Rotterdam
17:20 European Hydrogen Bank auction provides €720 million for renewable hydrogen production in Europe
17:06 GTT and PipeChina Innovation sign a License Agreement for the use of GTT membrane containment technology for onshore LNG storage
16:43 CMA CGM to launch M2X - Mexico Express Service connecting Far East to Mexico
16:31 Wartsila to supply the engines for a new Canadian Coast Guard Polar Icebreaker
15:58 The Port of Long Beach celebrates “Tri-gen” system for producing renewable hydrogen, electricity and water
15:06 Astrakhan region ports’ cargo volume in Q1, 2024 soars 78%
14:32 Valenciaport participates in a European project to promote the use of renewable energy for self-consumption in the port
13:50 Seatrade reaches settlement with Dutch Public Prosecution Service
13:15 Dennis Tetzlaff appointed Chief Operating Officer Fleet at Stena Line
12:40 ONE releases financial result for FY2023
12:20 IMO biofouling project to address biodiversity threat extended
11:30 Corvus Energy to supply ESS for the first net zero subsea construction vessel
11:10 Damen launches fully electric RSD-E Tug 2513 for Port of Antwerp-Bruges
10:30 Port of Rotterdam reduces CO2 emissions by 10% in 2023