Tallinn/Riga/Vilnius, Nasdaq Baltic Market, July 10, 2017 – Nasdaq (Nasdaq: NDAQ) announces that Law Office Eversheds Sutherland Bitāns is granted a status of a pan-Baltic Certified Adviser on First North market as of July 10, 2017 by Nasdaq Riga. By receiving the pan-Baltic Certified Advisers status Law Office Eversheds Sutherland Bitāns can provide services to Nasdaq Baltic First North issuers across all three Baltic countries.
Nasdaq Baltic First North is a market for small and medium companies to access growth capital. The regulatory requirements on First North are less extensive compared to the regulated market, therefore it is easier for young companies to become publicly traded. The Certified Adviser’s role is to guide growth companies through the application process and ensure that the companies fulfill all the requirements of First North rules on a continuing basis.
“In the recent years our team across Eversheds Sutherland Baltic law offices has been an active capital market consultant. We have been side by side with various companies seeking the access to the capital market via bond issues and share listings on Nasdaq Baltic Main market,” said Agris Bitāns, Eversheds Sutherland Bitāns Managing partner. “Working closely with Nasdaq Riga we have identified unrealized potential of the First North for young and ambitious Baltic companies. Current business environment, where raising capital is a part of the business strategy, is a precondition of the alternative market development in the Baltics and an opportunity for growth companies. ”
“We believe that by obtaining a Certified Adviser status, Eversheds Sutherland Bitāns will help even more small and medium enterprises looking for growth and attainment of their strategic plans,” admitted Agris Bitāns.
“ We are pleased to expand the cooperation with Eversheds Sutherland Baltic Law Offices with Eversheds Sutherland Bitāns joining the family of Nasdaq Baltic Certified Advisers, ” said Daiga Auziņa-Melalksne, the Head of Nasdaq Baltic Exchange Services. “Eversheds Sutherland Bitāns have been very active in developing capital market in Latvia. I believe their experience and competence will be valuable to those ambitious companies who are looking to raise growth capital in First North.”
About Eversheds Sutherland Eversheds Sutherland Law Office is one of the largest global combinations of firms in the world with established presence in the Baltics. Eversheds Sutherland Bitāns provides services on the entire range of legal and businesses issues, with core practices in banking, project finance, mergers and acquisitions, commercial matters, real estate, intellectual property, procurement and dispute resolution.
Eversheds Sutherland Bitāns is a part of Eversheds Sutherland International, a global top-tier law firm with more than 62 offices across 30 countries employing over 4,000 legal professionals, who are best known for their commercial awareness and industry knowledge and for providing innovative and tailored solutions for every client they advise. Eversheds Sutherland in Baltics is presented as Eversheds Sutherland Bitāns in Latvia, Eversheds Sutherland Ots & Co in Estonia and Eversheds Saladžius in Lithuania. Read more: www.eversheds-sutherland.com .
About First North First North is regulated as a multilateral trading facility, operated by the different exchanges at Nasdaq. It does not have the legal status as a regulated market in the EU. The regulatory demands are less extensive than on the regulated market and hence there is a higher risk connected to investments on First North. This can also mean higher earnings potential on investments. First North provides a large investor base since it operates on the same trading and settlement systems as the Baltic regulated market.
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Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq Clearing AB, Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic market represents the common offering by Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius and Nasdaq Baltic central securities depositories . Read more: nasdaqbaltic.com .
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Media Relations Contact: Dace Bulte +371 67 212 431 dace.bulte@nasdaq.com
