Nasdaq Riga: Observation status of AS "Rigas kugu buvetava" supplemented with additional reason

Nasdaq Riga decided on December 2, 2019 to immediately apply an additional
reason for applied observation status to AS "Rigas kugu buvetava" (RKB1R, ISIN
LV0000100378) considering that AS "Rigas kugu buvetava" has failed to submit
its financial report for 9 months of 2019 by December 2, 2019. 

Therefore the observation status to AS "Rigas kugu buvetava" will be applied
also in accordance with 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. 

The observation status which was applied on May 28, 2018 and supplemented with
additional reason on May 2, 2019, June 3, 2019 and September 2, 2019 is still
in force. 

The purpose of assigning observation status is to alert the market participants.


Nasdaq Baltic
Issuer Services
[phone]
www.nasdaqbaltic.com

Nasdaq Baltic is a common name for exchanges, regulated markets, alternative
markets First North operated by Nasdaq companies in the Baltic states, i.e.
Nasdaq Tallinn AS, Nasdaq Riga, AS and AB Nasdaq Vilnius.