Observation status applied to AS "Olainfarm"
Nasdaq Riga decided on June 22, 2021 to apply observation status to AS „Olainfarm” (OLF1R, ISIN: LV0000100501).
Observation status will be applied according to Nasdaq Riga Listing and Disclosure rules Article 20.1.2, Subarticle 71, which stipulates that the Issuer shall be placed on observation status if the shares buyout offer has been announced or the public announcement about intention to execute such offer has been made.
Nasdaq Riga has received an announcement from AS "Olainfarm" that AS “AB CITY” has informed the Board of the AS “Olainfarm” about making of a mandatory share buyback offer.
The purpose of applying 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.