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.
