Tallinn/Riga/Vilnius, Nasdaq Baltic Market, May 6, 2015 – Nasdaq (Nasdaq: NDAQ) announces that the shares of K2 LT, AB (trading ticker: K2LT1L), a company providing crematorium services in Lithuania, will be admitted to trading on the First North on May 11. K2 LT is the first Lithuanian company which shares are admitted to the First North by Nasdaq Vilnius.
“K2 LT is a great example of a growth company that is utilizing the First North to attract the capital for expanding their business and increasing awareness,” said Daiga Auziņa-Melalksne, Head of Nasdaq Baltic Exchange Services. “We welcome K2 LT to the First North and hope other companies will follow their example”.
„Our step to the Nasdaq First North market is an excellent example of what can be achieved by market pioneer and provider of specific services, if a company performs in a consistent and transparent way, grows rapidly and follows principles of modern management,” said Vytenis Labanauskas, director of K2 LT. “We managed to grow from a zero-revenue start-up to being admitted to trading on the First North in less than four years. Being transparent, we have received the confidence of our partners and the general public in return. Hence, with the admission to trading we’re becoming more open and our business will be much more visible to investors”.
K2 LT has appointed M&A International Baltics as its Certified Adviser.
About K2 LT, AB
K2 LT is a Lithuanian capital based funeral sector company that opened the first and only crematorium in Lithuania in the end of November, 2011. The crematorium is located in the free economic zone in Kėdainiai. K2 LT was awarded with the gold medal in the category “Product of the Year 2012” by Lithuanian Confederation of Industrialists in 2012. K2 LT was acknowledged of the “National Responsible Business Award” as “Environmental Enterprise” in 2013. The prize was awarded for strategic economic and environment alternative solutions in the funeral services. In 2014 with the same award company was acknowledged with a certificate for active participation to Kėdainiai rural area development and partnership.
About Nasdaq Baltic 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. Companies at First North are subject to the rules of First North and not the legal requirements for regulated market. The risk in such an investment may be higher than on the regulated market.
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