State-owned Shares of “Valmieras Stikla Šķiedra” Auctioned on Nasdaq Baltic


Tallinn/Riga/Vilnius, Baltic Market, January 30, 2015 – Nasdaq (NASDAQ: NDAQ) announces that on January 29, state owned 149 391 stocks of Joint Stock Company „Valmieras stikla šķiedra” were sold in the auction on the Nasdaq Riga stock exchange. The price was EUR 3.14 per share. The State collected proceeds of nearly half a million euro. Public auction held on the exchange trading system ensured transparency of the process and equal conditions to all participants.

Settlement date is February 2, 2015 and it will be carried out through the Latvian Central Depository.

The sale of the shares was organized by the SJSC “Privatization Agency” (PA) in cooperation with Nasdaq Riga.  

„Investors have appreciated the opportunity to invest in a world-class company, the products of which are in demand worldwide,” said Vladimirs Loginovs, Chairman of the Management Board of the PA. „The sale of „Valmieras stikla šķiedra” shares will complement the state pension budget by nearly half a million.”

The auction was open - everybody was able to observe online the orders submitted by the auction participants on the Nasdaq Baltic website, yet without being able to identify the Exchange Member.

„We are glad to provide the advanced infrastructure of the Nasdaq trading system for the auction according to the highest standards of the industry, said Daiga Auziņa-Melalksne, Head of Exchange Services at Nasdaq Baltic Market. „We believe that auctioning shares via the stock exchange is a transparent and open way to sell shares, offering all investors equal conditions and opportunities.”

Nasdaq Riga has built ample expertise in organizing auctions of the  state-held shares and government bonds, including, among others, JSC “Latvijas Gāze”, JSC “Latvijas kuģniecība",  JSC “Ventspils nafta”. To learn more, visit www.nasdaqbaltic.com

About “Valmieras stikla šķiedra”

JSC “Valmieras stikla šķiedra” is the only company in the Baltic States and one of the few in Eastern Europe producing and processing fibre glass. It specializes in the production of glass-fibre yarn. The main export markets include the European Union, Eastern Europe, the USA, South Africa and CIS countries. JSC “Valmieras stikla šķiedra” shares are listed on the Nasdaq Riga Secondary List.

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Media Relations Contact:
Dace Bulte
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dace.bulte@nasdaq.com