Infortar AS (TLSE:INF1T) intended to make a voluntary takeover offer to acquire remaining 53.24% stake in AS Tallink Grupp (TLSE:TAL1T) for ?220 million on June 17, 2024. The Offeror makes the Offer with the price of ?0.55 per one Tallink share. Upon completion, Infortar AS will own 100% stake in AS Tallink Grupp.

The Offer takes place as a voluntary takeover offer and the Offeror is not obliged to conduct the Offer under § 166 of the Estonian Securities Market Act. In accordance, the Offeror shall submit the Prospectus and the Offer notice to the Estonian Financial Supervision and Resolution Authority (? EFSA ?) for approval.

The Prospectus and Offer notice shall be published at a date determined by EFSA after their approval, however, the Offeror intends to start the Offer in the beginning of July 2024 and the Offer is intended to last for 35 days. The Offer shall be made in accordance with the laws of the Republic of Estonia and will not be subject to any review or approval by any foreign regulatory authority. As of July 2, 2024, the offer has been approved by FSA on July 1, 2024.

The offer has commenced on July 2, 2024, and will close on August 5, 2024.