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 19, 2026 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 26, 2026.
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 378 553.40 (three hundred seventy-eight thousand five hundred fifty-three 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.
About AS MADARA Cosmetics
Founded in 2006, AS MADARA Cosmetics is the largest cosmetics manufacturer in Latvia. The Company develops and produces natural skincare and decorative cosmetics, certified by ECOCERT/COSMOS, and exports to more than 35 countries. Since 2017, MADARA shares have been listed on Nasdaq Baltic’s alternative market First North. The Company and the MÁDARA brand have received multiple awards for innovation, sustainability, design, and product excellence, both in Latvia and internationally.
In 2025, MADARA obtained B Corp certification, affirming its commitment to responsible, sustainable, and transparent business practices. It has also been recognised as a family-friendly workplace (2023) and a top employer in the manufacturing sector (2023, 2024), while the MÁDARA brand was named the greenest brand in the Baltics (2023).
In 2025, AS MADARA Cosmetics reported a consolidated turnover of EUR 23.22 million, marking an 12% like-for-like year-over-year increase.