Announcement from the exchange
Observation status of AS “ABLV Bank” supplemented with additional reason
Nasdaq Riga decided on May 2, 2018 to immediately apply an additional reason for applied observation status to AS “ABLV Bank” considering that AS „ABLV Bank" has failed to submit its audited annual report of 2017 by May 2, 2018.
Therefore the observation status to AS “ABLV Bank” will be applied also in accordance with Nasdaq Riga Listing and Disclosure rules Article 20.1.2, Subarticle 5, which stipulates that the Issuer shall be placed on observation status if it fails to disclose the information to be disclosed on a regular basis as specified herein in due time and manner.
The observation status which was applied on February 15, 2018 is still in force.
The purpose of assigning observation status is to alert the market participants.
Nasdaq Baltic is a common name for exchanges, regulated markets, alternative markets First North operated by Nasdaq companies in the Baltic states, i.e. Nasdaq Tallinn AS, Nasdaq Riga, AS and AB Nasdaq Vilnius.