Changes in share capital and votes
Notification on the increase of share capital of AS “MADARA Cosmetics”
Inside information, 2020-11-11 15:30 CET --
AS “MADARA Cosmetics”, registration number: 40003844254, legal address: Zeltiņu iela 131, Mārupes novads, Mārupe, LV-2167, Latvia (hereinafter “the Company”), hereby informs that in accordance with the decisions adopted by the extraordinary shareholders meeting on 14 August 2017 the issuance of the Company's employee share options and the related conditional increase of the Company's share capital has been approved. With the execution of conversion of employee share options, the Management Board of the Company decided on 15 October 2020 to increase the share capital of the Company by EUR 2,400 (two thousand four hundred euros), by issuing new 24,000 (twenty four thousand) bearer shares with a nominal value of EUR 0.10 (ten euro cents) per share, which has been registered in the Commercial Register as of 23 October 2020. The newly issued shares are distributed to the employee share option plan participants in proportion to the number of share options held by them in accordance with the Company's employee share option (share purchase right) plan of 27 November 2017. After the increase of the share capital, the total share capital of the Company comprises EUR 376,924.20 (three hundred and seventy-six thousand nine hundred and twenty-four euros and twenty cents).
Management Board of “MADARA Cosmetics”
The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.
MADARA Cosmetics, founded in 2006, is the local pioneer in the field of natural cosmetics. In 2016 and 2017 the company and its managers were ranked among the top-10 Most Admired Business Leaders in Latvia. MADARA develops and manufactures all products exclusively at its own laboratories and facilities to ensure 100% control over processes. Further evidence of its passion for quality and perfection in every detail are the company’s ECOCERT organic certification, GMP (ISO 22716:2007) standard, and in vitro and in vivo research. For more information, visit investors.madaracosmetics.com/.
Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
Contact person: Uldis Iltners, member of the Management Board
Phone: +371 67 470 243
AS “LHV Pank”
Contact person: Ivars Bergmanis
Phone: +372 680 2720