Riga/Tallinn/Vilnius, Nasdaq Baltic Market, March 2, 2020 - Nasdaq (NDAQ)
announces that bonds issued by Sakret Holdings AS (short name: SAKR) have been
admitted to trading on the Nasdaq Baltic First North bond market by Nasdaq Riga
as of March 2, 2020.
Sakret Holdings is a Latvia-based group operating under the global Sakret
franchise. It is among the largest producers of ready-mix construction
materials in the Baltics, with a market share of more than 25% in all three
countries. The company operates four production plants: two in Riga, Latvia,
one in Kedainai, Lithuania, and one in Paide, Estonia. Sakret's plant in
Lithuania is the largest production facility for dry construction mixes in the
Baltics.
The size of Sakret Holdings bond issue is EUR 3.79 million. The annual coupon
rate is 9 % with the interest payments once per quarter. The nominal value of
one bond is EUR 1000. Maturity date of the bond issue is August 30, 2024.
"Seventeen years ago, when we founded our company and introduced dry building
mixtures, an innovative product for that time, on the Latvian market, we
believed in this business idea. This belief allowed us to be bold and move
forward step by step and establish successful operations throughout the
Baltics, with a production site in each country. We are confident that the
issue of bonds will facilitate Sakret's long-term development in the Baltic
region and increase exports," emphasized Andris Vanags, the Chairman of the
Council of Sakret Holdings.
"We welcome Sakret Holdings to Nasdaq," says Daiga Auzina-Melalksne, the CEO of
Nasdaq Riga. "It is a great pleasure to see that Baltic First North market
makes it easier for vibrant small and medium size companies like Sakret to
continue their growth story and further scale their operations,"
Auzina-Melalksne adds.
BlueOrange Bank AS serves as the Certified Adviser for Sakret Holdings on the
First North market.
First North is a multilateral trading facility (MTF) tailored to support
smaller, growing companies that want to raise capital and get the visibility
and credibility of being a public company. Respectively, for investors, First
North offers an opportunity to invest in companies that are in relatively early
stages of their growth. First North is an alternative market and is often seen
as a first step towards trading on the regulated market.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital
markets and other industries. Our diverse offering of data, analytics, software
and services enables clients to optimize and execute their business vision with
confidence. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq
Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more:
nasdaqbaltic.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors
detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
MEDIA RELATIONS CONTACTS:
Dace Bulte
371 67 212 431
dace.bulte@nasdaq.com© 2020 GlobeNewswire
