Tallinn, Estonia, 2020-11-17 15:15 CET -- On November 16, 2020 the Listing and Surveillance Committee of Nasdaq Tallinn decided to impose a fine in the amount of 2500 euros to AS Baltika for violation of Nasdaq Tallinn rules and regulations chapter Requirements for Issuers (hereinafter RI) clauses .2.1, 2.2.1, 2.4.1, 7.2.3, 7.9.3, 7.9.5.1, 7.9.5.2. According to RI clause 1.2.1 the Issuer is obliged to secure disclosure of information stated in RI in such a form and within such time limits as specified in RI. According to RI clause 2.2.1 Whenever an Issuer becomes aware of any rumour or report about the Issuer, true or false, that contains information that is likely to have, or has had, an effect on the price of its securities, the Issuer is required to immediately comment on the rumour or report by submitting a respective notice to the Exchange According to RI clause 7.2.3 An Issuer is required immediately disclose all the resolutions adopted by the general meeting. According to RI clause 7.9.3 An issuer is obliged to disclose immediately information about transactions with persons connected with the Issuer. According to RI clauses 7.9.5.1-7.9.5.2 Upon effecting a significant transaction with a person connected with the Issuer, the Issuer shall submit the transaction for approval to the general meeting of shareholders along with the auditor's opinion that the transaction does not damage the interests of the shareholders not concerned by the transaction According to RI clause 2.4.1 Information is deemed disclosed in accordance with these Requirements when made public as a notice through the Exchange Information System. AS Baltika has repeatedly failed to comply with the obligation concerning the immediate disclosure of information or the requirements of the Issuer Rules which oblige the Issuer to submit a significant transaction with a related party to the general meeting for approval. Nasdaq Baltic Issuer Services +372 640 8800 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.
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