Notification on the increase of share capital of AS “MADARA Cosmetics”Inside information, 2024-10-30 08:53 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 shareholders meeting on 22 May 2018 and 28 July 2020, the issuance of the Company's employee share options and the related conditional increase of the Company's share capital were approved in accordance with the provisions of Articles 248.1 and 261.1 of the Commercial Code.
With the execution of conversion of employee share options, the Management Board of the Company decided on October 2, 2024 to increase the share capital of the Company by EUR 385.60 (three hundred eighty-five euro and sixty euro cents), by issuing new 3856 (three thousand eight hundred fifty-six) bearer shares with a nominal value of EUR 0.10 (ten euro cents) per share, which have been registered in the Commercial Register as of October 29, 2024.
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 dated 30 May 2018 and 28 July 2020. After the increase of the share capital, the total share capital of the Company comprises EUR 378 043.40 (three hundred seventy-eight thousand forty-three euro and forty euro cents).
Management Board of AS “MADARA Cosmetics”
The shares of AS Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Madara Cosmetics is ZAB Eversheds Sutherland Bitāns SIA.
AS MADARA Cosmetics was founded in 2006 and has become one of the leading cosmetics manufacturers in Northern Europe and a leader in Latvia. The company' s brand MÁDARA is a pioneer in the natural skincare and make-up segment in Latvia. Since November 2017, the company's shares have been listed on the Nasdaq Baltic alternative market First North. For more information, visit investors.madaracosmetics.com.
Contact information:
Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
Contact person: Gunta Šulte, member of the Management Board
E-mail: ir@madaracosmetics.com
Phone: +371 67 470 243
Certified adviser:
ZAB Eversheds Sutherland Bitāns SIA
Contact person: Justīne Ignatavičute
E-mail: justine.ignatavicute@eversheds-sutherland.lv
Phone: +371 28 665 066
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