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International Internet Magazine. Baltic States news & analytics Monday, 17.06.2024, 08:31

Estonia: Up to 1 mln Saunum shares to be admitted to trading on First North

BC, Tallinn, 17.12.2020.Print version
According to the Dec. 8 decision of the listing and surveillance committee of Nasdaq Tallinn, up to 1,000,000 shares of Estonian developer of sauna heaters and indoor air conditioners Saunum Group with a nominal value of 0.1 euros will be admitted to trading on the First North alternative market, writes LETA/BNS.

As of Thursday, the conditions for the shares to be admitted to trading have been met. Thus, 1,000,000 Saunum Group shares will be admitted to trading on First North as of Friday, Dec. 18 or on a date close to it, Nasdaq Tallinn said.

The shares were admitted to trading on the condition that the offering had been completed according to the principles described in the company description and the results of the offering had been disclosed.

Offer shares must be transferred to the securities accounts of investors in Estonian Securities Register if the offer has been successful, and conditional share capital increase must be registered in the commercial register. 

After meeting the aforementioned conditions, Saunum also had to submit the respective report to the exchange.

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