Viking Line Abp: Release from extraordinary general meeting

Viking Line Abp        DECISIONS OF GENERAL MEETING          November 22, 2021,  1:00 p.m. 

Release from Viking Line’s extraordinary general meeting 2021

Viking Line Abp’s extraordinary general meeting was held today, November 22, 2021, at 12:00 noon in Mariehamn, Åland.

The general meeting decided in accordance with the Board of Directors’ proposal to authorize the Board to decide on a share issue of at most 6,480,000 new shares with pre-emption rights for shareholders (share issue with pre-emption rights) at a subscription price of EUR 8.00 per share. The Company’s shareholders shall be entitled to subscribe to three (3) new shares for every five (5) shares held at the subscription price.

The Board was further given the right to decide on the issue of shares not subscribed on the basis of shareholders’ pre-emption rights at the end of the subscription period to parties determined by the Board (in other words, with disapplication of shareholders’ pre-emption rights). The Board has also been authorized to decide on all other terms and conditions regarding new shares.

This authorization is in force until the end of the next general meeting, although no later than March 31, 2022.

The general meeting also adopted the amendment in the Articles of Association in accordance with the Board’s proposal. Section 2 of the Company’s Articles of Association thus reads as follows:

“Section 2. The Company’s minimum share capital is EUR 720,000 and its maximum share capital is EUR 4,800,000. Within these limits, share capital can be increased or decreased without amending the Articles of Association.

 The minimum number of shares is 3,600,000 and the maximum number is 18,000,000.”

VIKING LINE ABP

Jan Hanses
Chief Executive Officer

Jan Hanses
President and CEO
jan.hanses@vikingline.com
+358-(0)18-270 00