Nasdaq Riga decided on May 2, 2016 to immediately apply an additional reason for applied observation status to AS “VEF Radiotehnika RRR” (RRR1R, ISIN code: LV0000100972) considering that AS „VEF Radiotehnika RRR" has failed to submit its audited annual report of 2015 by May 2, 2016.
Therefore the observation status to AS “VEF Radiotehnika RRR” will be applied also in accordance with Nasdaq Riga Listing and Disclosure rules Article 20.1.2, Subarticle 5, which stipulates that the Issuer shall be placed on observation status if it fails to disclose the information to be disclosed on a regular basis as specified herein in due time and manner.
The observation status which was applied on September 19, 2014 is still in force.
The purpose of assigning observation status is to alert the market participants.
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