Nasdaq Baltic Welcomes Linda Nektar to First North

28.05.2015 TLN

Tallinn/Riga/Vilnius, May 28th, 2015 – Nasdaq Baltic announces that the shares of AS Linda Nektar, an Estonian-based beverage company, will be admitted to trading on Nasdaq Baltic First North Market. The trading will commence on First North Tallinn on Friday May 29, under the ticker ’LINDA’.

Linda Nektar is specialized in producing fermented beverages for the drinks industry. The company is looking to expand existing production capacity as well as develop new revenue streams by investing to scale up R&D in food technologies. Presently the company’s operations are mainly in the Baltic countries and Finland, but the company is aiming to expand the business, including targeting new markets. 

„Linda Nektar’s foray into exporting its know-how overseas calls for international visibility as well as having a ready currency for further acquisitions. Therefore we see First North as a logical step for the company at this juncture and thank the investors who participated in the recent private placement,“ said Erik Hagström, Chairman of the Supervisory Board. ”We aim to generate both capital growth and distribute income as dividends, subject to favorable operating conditions and respective shareholder decisions at general meetings.”

The company has origins in the 1940s and its production facility is geographically located between the Estonian and Latvian capitals of Tallinn and Riga.

For further information about the company please refer to lindanektar.ee.

“The First North Market was created in order to facilitate expanding companies access the capital market, and this is a good example of just that. We are pleased to welcome Linda Nektar to First North and Nasdaq,“ said Rauno Klettenberg, Head of Nasdaq Tallinn.

Linda Nektar has appointed LHV Pank as Certified Adviser. 
 

About Nasdaq Baltic First North 

First North is regulated as a multilateral trading facility, operated by the different exchanges at Nasdaq. It does not have the legal status as a regulated market in the EU. Companies at First North are subject to the rules of First North and not the legal requirements for regulated market. The risk in such an investment may be higher than on the regulated market. 
 

About Nasdaq 

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga, AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallinn AS, AB Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic Market represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius. Read more: nasdaqbaltic.com.