Announcement from the exchange
Observation status of AS “Rīgas kuģu būvētava” supplemented with additional reason
Nasdaq Riga decided on December 1, 2020 to immediately apply an additional reason for applied observation status to AS “Rīgas kuģu būvētava” (RKB1R, ISIN LV0000100378) considering that AS “Rīgas kuģu būvētava” has failed to submit its financial report for 9 months of 2020 by December 1, 2020.
Therefore the observation status to AS “Rīgas kuģu būvētava” will be applied also in accordance with Nasdaq Riga Rules on Listing and Trading of Financial Instruments on the Markets Operated by the Exchange 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 May 28, 2018, June 1, 2020 and September 1, 2020 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.