On the Change in AS ”VALMIERAS STIKLA ŠĶIEDRA” Observation Status
Nasdaq Riga decided on December 9, 2019 to make changes in the observation status applied to AS ”VALMIERAS STIKLA ŠĶIEDRA” (VSS1R, ISIN code: LV0000100485).
AS “VALMIERAS STIKLA ŠĶIEDRA” on December 7, 2019 has submitted its audited annual consolidated and standalone financial reports for the year 2018. Therefore, the circumstances for which the observation status was applied to the company on May 2, 2019 have ceased to exist.
Taking into account the Independent auditor’s report on the Audit of the Consolidated Financial Statements where the auditor does not express an opinion and provide the Basis for Disclaimer of Opinion on the Consolidated Financial Statements, Nasdaq Riga decided to supplement the observation status with the additional reason in accordance to the Listing and Disclosure rules Article 20.1.2, Subarticle 9, which states that the observation status shall be applied to an issuer when it is important to turn the attention of market participants to a substantial circumstance related to the relevant financial instrument or its issuer.
The observation status which was applied on June 18, 2019 is still in forces.
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