Observation status of AS “Rīgas kuģu būvētava” supplemented with additional reason
Nasdaq Riga decided on April 29, 2022 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 parts of audited annual report of 2021 in English.
On April 29, 2022 AS “Rīgas kuģu būvētava” published its full Audited Annual Report 2021 in Latvian. In English Company has published parts of Audited Annual report 2021 – Remuneration Report and Corporate Governance Report; however, Audited Financial Statements, Management Report and Statement on Management’s Responsibility has not been published in English.
Therefore the observation status to AS “Rīgas kuģu būvētava” will be applied also in accordance with Nasdaq Riga Listing and Disclosure rules 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 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.