Disclosure Requirements on Nasdaq Riga (RIG)
The issuers of financial instruments that are listed on any of the Nasdaq Riga lists are obliged to disclose information to the RIG without delay, however, not later than releasing it to the mass media. This refers to any material events of the issuer. A material event is any event known to the issuer that may have an effect on the price of the listed instrument, or may induce the investor to buy or sell the financial instrument.
The RIG publishes the information disclosed by the issuer on its website, in order to provide equal access to information for all market participants.
The issuer has the obligation to disclose its financial situation by providing non-audited 3-, 6-, 9- and 12- month financial statements. The RIG publishes the financial statements on its website.
The issuer has the obligation to disclose information on
The issuer has to inform the RIG about changes in shareholder structure when shareholders have acquired or transferred shares resulting in the crossing of certain ownership interest thresholds (i.e. under/above one-tenth, one-fourth, one half, three quarters or 95% of the issuer’s voting shares). The issuer has to provide this information to the RIG within seven business days from receiving the information from the shareholder.