Empowering Shareholders: Annual General Meeting Insights
Annual General Meeting Announcement
Dear shareholders of AS Tallink Grupp,
The management board of AS Tallink Grupp invites you to participate in the annual general meeting of shareholders. This important event is scheduled for May 20, 2025, at 11:00 AM. It will take place at the conference center of Tallink SPA & Conference Hotel, located at Sadama 11a.
Registration for shareholders will commence at 10:00 AM on the day of the meeting.
Meeting Agenda Overview
The supervisory board has outlined a comprehensive agenda for the upcoming meeting, which aims to engage shareholders and encourage participation. The meeting will include several key proposals, vital for shaping the future of AS Tallink Grupp.
1. Approval of the Annual Financial Report
One of the primary items on the agenda is the approval of the annual report for the financial year 2024, as presented by the management board of AS Tallink Grupp.
2. Proposal for Profit Distribution
The management board proposes the following distribution of profits: with a net profit of 40,274,000 euros for the financial year 2024, the total distributable profit amounts to 366,265,000 euros as of December 31, 2024. The proposal includes:
- No allocation to mandatory legal reserves.
- No additional allocations to reserves as stipulated by law or the articles of association.
- Shareholders will receive dividends of 0.06 euros per share, totaling approximately 44,614,143.84 euros.
3. Auditor Appointment for 2025
It is proposed to appoint KPMG Baltics OÜ as the auditor for AS Tallink Grupp for the financial year 2025, with remuneration to be agreed upon through a contract.
4. Extension of Supervisory Board Authorities
As the term for board members, including Ain Hanschmidt, Eve Pant, Toivo Ninnas, and Raino Paron, is set to expire, the proposal includes extending their authority for an additional three years starting from September 20, 2025. Their remuneration will continue as previously ratified.
5. Amendment Proposal for Articles of Association
Proposed amendments to Article 2.4 of the Articles of Association include authorization for the supervisory board to increase the share capital by up to 35,000,000 euros, raising the total share capital to approximately 384,477,460.08 euros.
6. Issuance of Options for Supervisory Board Members
The meeting will consider the issuance of options as part of the Option Program for supervisory board members, allowing them to acquire shares during the designated period.
Shareholder Rights and Participation Details
The list of shareholders eligible to attend will be finalized one week prior to the meeting, marking May 13, 2025, as the record date. Shareholders are encouraged to review the relevant documents which can be accessed at the AS Tallink Grupp website.
Should you have any questions regarding the agenda, please send them to the investor relations email provided.
Attending the annual meeting offers a great opportunity for shareholders to engage directly with the management board, which is open to sharing insights on company operations. However, please note that the management board reserves the right to withhold information that could materially harm the company.
Preparation for the Meeting
For a smooth participation experience, shareholders registered with Nasdaq CSD SE will need to present identification documents at registration. Legal representatives should provide additional verification documents, ensuring compliance with local regulations.
Guidance for Euroclear Finland Oy Shareholders
Shareholders holding Finnish share depositary receipts (FDRs) should notify AS Tallink Grupp of their intention to attend and provide necessary documentation no later than May 19, 2025, at 4:00 PM. Documents can be submitted via mail or email.
Frequently Asked Questions
What is the purpose of the Annual General Meeting?
The meeting serves to approve the financial report, address profit distribution, and discuss various important matters impacting the company's future.
How can I participate in the meeting?
Shareholders must register on the day of the meeting with appropriate identification and any required documents as detailed in the agenda.
When will the dividends be paid?
Dividends are proposed to be paid on different dates depending on the shareholder lists established on specified ex-dates.
Who can ask questions during the meeting?
All attending shareholders have the right to inquire about the agenda topics. Questions can also be submitted prior to the meeting via email.
What happens if I cannot attend the meeting?
Shareholders have the option to authorize a representative, and documents confirming this representation must be submitted by the set deadline.
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