Observation status applied to Hagen Bikes AS sharesTallinn, Estonia, 2023-03-31 14:41 CEST --
Nasdaq Tallinn AS decided on March 31, 2023 to add the observation status to the shares of Hagen Bikes AS (HAGEN, ISIN code: EE3100088402) starting from today, March 31, 2023, based on the clause 40.2.2.3. of First North Rules.
According to 12 months Interim Report of 2022 published by the Issuer on March 31, Hagen Bikes AS net assets no longer comply with the requirement set out in the Commercial Code.
The purpose of applying observation status is to alert market participants.
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