Observation status applied to AS “Brīvais vilnis”
Nasdaq Riga decided on May 5, 2015 to immediately apply observation status to AS "“Brīvais vilnis” (BRV1R, ISIN code: LV0000100824).
Observation status will be applied according to Nasdaq Riga Listing and Disclosure rules Article 20.1.2, Subarticle 5, which stipulates that the Issuer shall be placed on observation status if it fails to disclose the information to be disclosed on a regular basis as specified herein in due time and manner.
AS „Brīvais vilnis" has failed to submit its audited annual report of 2014 by May 5, 2015.
The purpose of assigning observation status is to alert the market participants.
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