Published: 2021-09-08 08:45:12 CEST
Baltic Technology Ventures
Company Announcement

On decision of the Financial and Capital Market Commission

On 7 September 2021 the management of Baltic Technology Ventures AS (BTV) and it's beneficial owner received a decision notification from the Financial and Capital Market Commission regarding alleged violation of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and imposing fines of EUR 50,000 and EUR 66,694.31 respectively, among other sanctions related to BTV's listing on Baltic Nasdaq First North. BTV's management does not agree with this decision and intends to contest it.  Meanwhile we will aim to work with the regulator and the exchange to ensure the investors in BTV are not harmed.

 

Member of the Management Board                                                             G.Zolotarev

 

         Contacts:
         Address: 1-5 Rupniecibas Street, Riga, LV-1010
         Phone: +371 67783611
         
         Contact person:
         Gene Zolotarev
         Member of the Management Board
         Phone: +371 67783601
         e-mail: gene@baltictechventures.com
         
         Certified consultant:
         Svetlana HramĨenko
         "Law Office Spridzans" Ltd.
         Phone: +371 26712718
         e-mail: svetlana.hramcenko@spridzans.lv