Infortar Launches Strategic Buy-Back of Shares to Boost Value

Infortar Announces Share Buy-Back Initiative

Aktsiaselts Infortar has decided to commence a buy-back of up to 250,000 own shares. This decision is in line with the authorization granted during a recent General Meeting of Shareholders. The initiative aims to fulfill the conditions set forth in the company's option plan, ensuring the interests of its stakeholders are well protected.

Buy-Back Program Details

The buy-back program is structured to take place over a five-year period. Infortar has established a maximum acquisition price that cannot exceed fifty percent above the average stock exchange price of its shares in the last thirty trading days prior to each buy-back transaction. This pricing strategy is designed to align with market conditions, ensuring fair value for all parties involved.

Management and Oversight

Infortar's share buy-back program will be managed by SEB Pank AS, a prominent banking institution. SEB Pank is responsible for executing the buy-back transactions on behalf of Infortar, conducting these operations independently. This means that the timing and decisions regarding the purchases will not be influenced by Infortar, allowing for a transparent and regulated buy-back process.

Disclosure and Transparency

To maintain transparency, Infortar will disclose summary data, including daily volumes and the weighted average price of shares bought back. This information will be made available within seven trading days following the completion of transactions. It will be submitted to the Estonian Financial Supervision and Resolution Authority and shared through the Nasdaq Tallinn system, ensuring that investors are kept informed.

Regulatory Framework

Aktsiaselts Infortar's share buy-back is compliant with Regulation (EU) No 596/2014, known as the Market Abuse Regulation. This regulatory framework is crucial for maintaining market integrity while enabling companies like Infortar to engage in buy-back programs. The shares will be acquired through the Nasdaq Tallinn Stock Exchange, underscoring the company's commitment to responsible corporate governance.

About Aktsiaselts Infortar

Infortar operates across various sectors, with a significant presence in maritime transport, energy, and real estate. It holds a commanding 68.47% share in Tallink Grupp and fully owns Elenger Grupp, alongside managing a modern real estate portfolio of approximately 141,000 square meters. Infortar's diversified interests extend beyond these areas into construction, mineral resources, agriculture, trading, and various other industries. The Infortar group comprises a total of 110 companies, including 101 subsidiaries and several affiliate companies, collectively employing around 6,866 individuals.

For further inquiries or additional information, you can reach out to:

Kadri Laanvee
Investor Relations Manager
Phone: +372 5156662
Email: kadri.laanvee@infortar.ee
Website: www.infortar.ee/en/investor

Frequently Asked Questions

What is the purpose of Aktsiaselts Infortar's buy-back program?

The buy-back program aims to fulfill the conditions of the company's option plan and enhance shareholder value.

How long will the buy-back program last?

The share buy-back program is set to take place over a period of five years.

Who is managing the buy-back transactions?

SEB Pank AS will manage and execute the buy-back transactions on behalf of Infortar.

What pricing strategy is being used for the buy-back?

The maximum acquisition price per share cannot exceed fifty percent above the average stock exchange price from the previous thirty trading days.

How will Infortar ensure transparency in the buy-back process?

Infortar will disclose all relevant information about the buy-back, including daily volumes and prices, within seven trading days after transactions.

About The Author

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