Established on February 21, 2013, Baltic Telekom AS operates as a holding company whose main function is to manage equity capital of Telekom Baltija AS. The company owns 19.5% of Telekom Baltija AS shares. For 13 years, Telekom Baltija AS has been operating in the Latvian telecommunications market under the brand Triatel, selling mobile wireless data transmission services.
“We welcome the Baltic Telekom AS decision to join the Baltic Alternative Market First North. By effectively using the opportunities First North provides, the company can benefit from the same advantages as offered by the regulated market – greater visibility and access to equity capital – but with less stringent requirements of the Alternative Market,” says Daiga Auzi?a-Melalksne, Head of Exchange Services at NASDAQ OMX Baltic Market.
“By joining the stock exchange, which is a safe and reliable trading platform, we expect to raise our brand awareness among clients and potential investors, thereby motivating investors to indirectly access and invest in the Latvian telecommunications sector,” stated Gene Zolotarev, Board Member of Baltic Telekom AS.
The company has appointed Ardente SIA as its Certified Adviser.
“We are pleased that Baltic Telekom AS, which will be admitted to trading on the Baltic Alternative Market First North, has chosen us as its Certified Adviser. This is the best way to express acknowledgement of our competency and quality of the services we provide,” comments ?irts Aps?tis, Chairman of the Board at Ardente SIA.
Note: NASDAQ OMX Baltic Alternative Market First North consists of First North Markets of NASDAQ OMX Tallinn, NASDAQ OMX Riga and NASDAQ OMX Vilnius.
About First North Baltic
NASDAQ OMX First North is an alternative market, operated by the different exchanges within NASDAQ OMX. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market. Read more: www.nasdaqomxbaltic.com/en/exchange-information/listing-center/how-to-get-listed/first-north-vs-regulated-market/
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Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Relations Contact: Dace Bulte Ph.: +371 67 212 431 dace.bulte@nasdaqomx.com
For more information about Baltic Telekom AS, contact: Gene Zolotarev, Board Member of Baltic Telekom AS Ph.: +371 29 503 683 gene.zolotarev@maximuscapman.com
?irts Aps?tis, Chairman of the Board at Ardente SIA Ph.: +371 29 466 577 girts.apsitis@ardente.lv
