TLN: Law Firm Aare Raig resigns as a Certified Adviser on the Alternative Market First North
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2012-01-31
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TLN: Law Firm Aare Raig resigns as a Certified Adviser on the Alternative Market First North
NASDAQ OMX Tallinn Company Announcement 31.01.2012
Law Firm Aare Raig resigns as a Certified Adviser on the Alternative Market
First North
Tallinn, Estonia, 2012-01-31 14:00 CET (GLOBE NEWSWIRE) --
NASDAQ OMX today announced that Law Firm Aare Raig has decided to resign as a
Certified Adviser on the Baltic alternative market First North starting
February 1, 2012. As of now, altogether 14 Certified Advisers are acting on
First North in the Baltic countries.
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 14 Certified Advisers acting on First North in the Baltic countries.
Six of them provide services in Estonia (Cresco Väärtpaberite AS, Law Firm
LAWIN, Law Firm SORAINEN, Law Firm VARUL, AS Redgate Capital and Swedbank),
four in Latvia (Ardente, Baker Tilly Baltics, Eventus Corporate Finance and SEB
Enskilda) and four in Lithuania (Baltijos įmonių finansai, SEB Enskilda,
Swedbank and Verslo konsultacijų centras).
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
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