AS “MADARA Cosmetics” share auction from Octob

Nasdaq Riga starting from October 16 until November 3, 2017 will run AS “MADARA Cosmetics” share auction as a part of its initial public offering in Latvia and Estonia . The offered amount of shares is 482 220 which may be increased by up to 48 222 shares to a total of up to 530 442 shares under the over-allotment option.

Securities are auctioned in  euros and the price of one share of AS “MADARA Cosmetics” is fixed at EUR 6.25 .

Licensed bank or brokerage company to which the status of Nasdaq Riga and/or Nasdaq Tallinn Member has been assigned can participate in the auction. Members may submit their own orders and orders on behalf of their clients . The list of Members is available here .

The auction period during which the order collection will take place is: October 16  until November 2, 2017 from  09:00 until 16:00 . November 3, 2017 from  09:00 until 15:30 .

Order matching will take place until November 6, 2017   16:00 .

All aforementioned times refer to local Latvian time.

Settlement date is November 9, 2017 .

Auction’s rules are available in the attachment while AS “MADARA Cosmetics” share offering document is available here . Nasdaq Baltic Transaction Services +371 67212431 www.nasdaqbaltic.com

Nasdaq Baltic is a common name for exchanges, regulated markets, alternative markets First North operated by Nasdaq companies in the Baltic states, i.e. Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.