Announcement from the exchange
Delisting of AS “Tosmares kuģubūvētava” shares from the Baltic Secondary list
Nasdaq Riga decided on October 11, 2018 to delist AS “Tosmares kuģubūvētava” shares (ISIN LV0000101095, ticker TKB1R) from the Baltic Secondary List. The last listing day for AS “Tosmares kuģubūvētava” shares is set to October 17, 2018.
Nasdaq Riga Management Board passed the resolution pursuant to Nasdaq Riga listing and disclosure rules Article 21.4.1. Sub article 1., which stipulates that the Exchange has the right to take a decision on delisting of financial instruments of the issuer from the Exchange in case the issuer or the financial instruments issued by it do not conform to the requirements specified in the Rules.
The company's insolvency process was announced by the Kurzeme District Court on August 9, 2018, and the certified administrator of the insolvency process Ivars Maliks was appointed as the administrator of the insolvency proceedings of the company. More information in the company’s announcement.
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