Tallinn, Estonia, 2012-11-07 08:55 CET (GLOBE NEWSWIRE) -- On November 6, 2012, the Listing and Surveillance Committee of NASDAQ OMX Tallinn reviewed the application submitted by AS Trigon Property Development to delist its shares from the Main List and to admit its shares simultaneously to trading in the Secondary List.
The Committee found that one of the main measures for protection of investors is due disclosure of material information. As information disclosure requirements are the same for Secondary List (regulated market operated by the Exchange) and Main List companies, delisting the shares from the Main List and simultaneous admission of the shares to trading in the Secondary List would not jeopardise protection of investors nor maintaining a fair and orderly market.
There are also no differences regarding trading, clearing & settlement, surveillance, sanctioning, etc. rules between Main List and Secondary List issuers and securities.
Proceeding from the above, the Committee decided to delist AS Trigon Property Development shares from the Main List starting November 21, 2012, and to admit the shares simultaneously to trading in the Secondary List.
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