Tallinn, Estonia, 2012-01-31 14:00 CET (GLOBE NEWSWIRE) --
NASDAQ OMX today announced that Law Firm Aare Raig has decided to resign as a Certified Adviser on the Baltic alternative market First North starting February 1, 2012. As of now, altogether 14 Certified Advisers are acting on First North in the Baltic countries.
First North gives growth companies easier access to equity capital and visibility in the Baltic financial markets. The companies admitted to trading on First North are given the same possibilities as companies listed on a regulated market, but the regulations are lighter. A company is required to have Certified Adviser, supporting the company in complying with the disclosure requirements and other rules, so that investors have sufficient amount of information in order to take informed investment decisions.
There are 14 Certified Advisers acting on First North in the Baltic countries. Six of them provide services in Estonia (Cresco Väärtpaberite AS, Law Firm LAWIN, Law Firm SORAINEN, Law Firm VARUL, AS Redgate Capital and Swedbank), four in Latvia (Ardente, Baker Tilly Baltics, Eventus Corporate Finance and SEB Enskilda) and four in Lithuania (Baltijos įmonių finansai, SEB Enskilda, Swedbank and Verslo konsultacijų centras).
About First North
First North is an alternative marketplace operated by NASDAQ OMX Nordic and Baltic stock exchanges. Alternative market does no have the same legal status as a regulated market in the EU. Companies traded on First North have to follow the rules of First North instead of the requirements for a regulated market.
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