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  28 July 2020 and 28 June 2023, 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 March 3, 2025 to increase the share capital of the Company by EUR 255 (two hundred fifty-five euro) by issuing 2550 (two thousand five hundred fifty) dematerialised shares with a nominal value of EUR 0.10 (ten euro cents) per share, which have been registered in the Commercial Register as of March 27, 2025. 

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 28 July 2020 and 29 June 2023. After the increase of the share capital, the total share capital of the Company comprises EUR 378 298.40 (three hundred seventy-eight thousand two hundred ninety-eight 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.