NASDAQ OMX today announced ending Certified Adviser status of Swedbank AS on the Baltic alternative market First North starting May 1, 2014. Swedbank AS provided advisory services in Estonia.
There are 12 Certified Advisers acting on First North in the Baltic countries now. One of them provides services in Estonia and Latvia (Law Firm VARUL), four in Estonia (Cresco Väärtpaberite AS, Law Firm LAWIN, Law Firm SORAINEN and AS Redgate Capital), five in Latvia (Ardente, Baker Tilly Baltics, Eventus Corporate Finance, Prudentia and Superia) and two in Lithuania (Swedbank AB and Verslo konsultacijų centras).
First North gives growth companies easier access to equity capital and visibility in the Baltic financial markets. The companies admitted to trading on First North are given the same possibilities as companies listed on a regulated market, but the regulations are lighter. A company is required to have Certified Adviser, supporting the company in complying with the disclosure requirements and other rules, so that investors have sufficient amount of information in order to take informed investment decisions.
About First North
First North is an alternative marketplace operated by NASDAQ OMX Nordic and Baltic stock exchanges. Alternative market does not have the same legal status as a regulated market in the EU. Companies traded on First North have to follow the rules of First North instead of the requirements for a regulated market.
NASDAQ OMX Baltic Market Issuer Services +372 640 8800 www.nasdaqomxbaltic.com/