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TLN: Law Firm VARUL becomes a Certified Adviser of the Alternative Market First North

Spekuliantai.lt | 2011-04-07 | NASDAQ OMX biržų naujienos | perskaitė: 1673
TLN: Law Firm VARUL becomes a Certified Adviser of the Alternative Market First North

NASDAQ OMX Tallinn Company Announcement 07.04.2011

Law Firm VARUL becomes a Certified Adviser of the Alternative Market First North

Tallinn, Estonia, 2011-04-07 09:00 CEST (GLOBE NEWSWIRE) -- NASDAQ OMX today
announced approving Law Firm VARUL as a Certified Adviser on the Baltic
alternative market First North. As of now, altogether 19 Certified Advisers are
acting on First North in the Baltic countries.

“Joining First North is a vital step that allows us to respond to our clients
growing interest in finding alternative financing for their businesses” says
Ants Mailend, Head of Banking & Finance at Law Firm VARUL.

Kalle Viks, the Head of Issuer Services of NASDAQ OMX Tallinn, adds: „We are
happy to welcome new adviser on alternative market. Recent active participation
in different contests and workshops for start-up companies indicates that there
are plenty of good business ideas worth financing. Thus we encourage all SMEs
with additional financing needs to discover and recognize alternative market.“

First North gives growth companies easier access to equity capital and
visibility in the Baltic financial markets. The companies admitted to trading
on First North are given the same possibilities as companies listed on a
regulated market, but the regulations are lighter. A company is required to
have Certified Adviser, supporting the company in complying with the disclosure
requirements and other rules, so that investors have sufficient amount of
information in order to take informed investment decisions.

There are 19 Certified Advisers acting on First North in the Baltic countries.
Nine of them provide services in Estonia (Cresco Väärtpaberite AS, Deloitte
Advisory, Law Firm Aare Raig, Law Firm LAWIN, Law Firm SORAINEN, Law Firm
VARUL, AS Redgate Capital, SEB Enskilda and Swedbank), four in Latvia (Advante
Corporate Finance, Ardente, Eventus Corporate Finance and SEB Enskilda) and six
in Lithuania (Baltijos įmonių finansai, Deloitte Lietuva, GILD, SEB Enskilda,
Swedbank and Verslo konsultacijų centras).



About Law firm VARUL

Law Firm VARUL is a leading full-service Baltic business law firm with offices
in Tallinn, Tartu, Riga and Vilnius. The firm employs a total of sixty five
attorneys and lawyers and is focused on advising both domestic and
international clients on all aspects of business law. The firm's Banking &
Finance, Corporate/M&A, Insolvency & Restructuring, EU & Competition Real
Estate & Construction, Tax and Litigation practices are highly ranked by
international legal directories.

About First North

First North is an alternative marketplace operated by NASDAQ OMX Nordic and
Baltic stock exchanges. Alternative market does no have the same legal status
as a regulated market in the EU. Companies traded on First North have to follow
the rules of First North instead of the requirements for a regulated market.




NASDAQ OMX Tallinn
Market Services
+372 6408800

Law Firm VARUL
Ants Mailend
Partner, Attorney-at-Law
+372 626 4300
www.varul.com

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