RSE Listing Rules to come into effect on October 1, 2004

28.09.2004 RIG

Riga Stock Exchange Management Board on its meeting of September 28, 2004 resolved that, with regard to Official List issuers listed prior to October 1, 2004, the provisions of Item 11.5.1 of the RSE Listing Rules shall be applied starting with October 1, 2006.
RSE “On Listing and Trading of Financial Instruments on Exchange Regulated Markets” come into effect on October 1, 2004. Item 11.5.1 stipulates that an Official list issuer’s Supervisory Board shall maintain a sufficient independence from a shareholder holding 30% and over of the issuer’s share capital. Since it is a new requirement for existing issuers and impossible to comply with at a short notice, the RSE Management Board resolved on a transitional period till October 1, 2006.


Additional information:
Krista Grīntāle, Head of Corporate Communication, +371 721 2431
Riga Stock Exchange