NASDAQ BALTIC WELCOMES LINDA NEKTAR TO FIRST NORTH
Tallinn/Riga/Vilnius, May 28th, 2015 - Nasdaq Baltic announces that the shares of AS Linda Nektar, an Estonian-based beverage company, will be admitted to trading on Nasdaq Baltic First North Market. The trading will commence on First North Tallinn on Friday May 29, under the ticker 'LINDA'.
Linda Nektar is specialized in producing fermented beverages for the drinks industry. The company is looking to expand existing production capacity as well as develop new revenue streams by investing to scale up R&D in food technologies. Presently the company's operations are mainly in the Baltic countries and Finland, but the company is aiming to expand the business, including targeting new markets.
"Linda Nektar's foray into exporting its know-how overseas calls for international visibility as well as having a ready currency for further acquisitions. Therefore we see First North as a logical step for the company at this juncture and thank the investors who participated in the recent private placement," said Erik Hagström, Chairman of the Supervisory Board. "We aim to generate both capital growth and distribute income as dividends, subject to favorable operating conditions and respective shareholder decisions at general meetings."
The company has origins in the 1940s and its production facility is geographically located between the Estonian and Latvian capitals of Tallinn and Riga.
Linda Nektar has appointed LHV Pank as Certified Adviser.
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