Published: 2020-08-06 15:15:01 CEST
MADARA Cosmetics
Company Announcement

Dividend payment ex-date of AS “MADARA Cosmetics”

Inside information, 2020-08-06 15:15 CEST -- AS “MADARA Cosmetics” (MDARA, ISIN code LV0000101624) will close the list of shareholders for dividend payment on August 11, 2020 at the end of the working day of the Nasdaq CSD Latvian Settlement System.

Proceeding from the above, the ex-date is August 10, 2020. From that date the new owner of the shares is not entitled to dividends for the year 2019.

AS “MADARA Cosmetics” will pay dividend 0.15 EUR per share on August 12, 2020.

AS “MADARA Cosmetics” confirms that according to AS “MADARA Cosmetics” shareholders meeting resolution the dividends in the total amount of 561 786.30 EUR are paid from part of the profits earned by the company in financial year 2019.


The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.

The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.

MADARA Cosmetics, founded in 2006, is the local pioneer in the field of natural cosmetics. In 2016 and 2017 the company and its managers were ranked among the top-10 Most Admired Business Leaders in Latvia. MADARA develops and manufactures all products exclusively at its own laboratories and facilities to ensure 100% control over processes. Further evidence of its passion for quality and perfection in every detail are the company’s ECOCERT organic certification, GMP (ISO 22716:2007) standard, and in vitro and in vivo research. For more information, visit

         Contact information:
         Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
         Contact person: Uldis Iltners, member of the Management Board
         Phone: +371 67 470 243
         Certified advisor:
         AS “LHV Pank”
         Contact person: Ivars Bergmanis
         Phone: +372 680 2720