AS Tallink Grupp has today announced to the Tallinn Stock Exchange that is plans to undertake a secondary listing of the Company’s shares on the Nasdaq Helsinki Stock Exchange. The respective decision was made this week by the Group’s Supervisory Board based on a proposal from the Group’s Management Board. According to the decision, the Group will now commence preparations for listing on the Helsinki Stock Exchange. The estimated effective date for listing will be clarified during the preparations, but is estimated to be early autumn 2018. Tallink Grupp’s shares will also continue to be listed on the Nasdaq Tallinn Stock Exchange.
Commenting on the decision, AS Tallink Grupp’s CEO Paavo Nõgene said:
„The secondary listing will make Tallink Grupp’s shares more widely accessible to investors and the Helsinki Stock Exchange is a natural choice for the listing since Finland is one of our Group’s most important home markets.“
„By listing shares on the Helsinki Stock Exchange we create additional opportunities for investors to make transactions with Tallink Grupp’s shares and enable people in Finland once again to contribute to the activities of the historic brand Silja Line as well as the wider Tallink Grupp,“ Nõgene added.
AS Tallink Grupp is the leading passenger and cargo transportation service provider in the Northern region of the Baltic Sea. The company owns 14 vessels and operates under the brands of Tallink and Silja Line on seven different routes. AS Tallink Grupp employs more than 7,300 people in the region and over 9.8 million passengers travelled on its ferries in 2017. AS Tallink Grupp is listed on the Tallinn Stock Exchange.