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TLN: Cresco Väärtpaberite AS becomes a Certified Adviser of Alternative Market First North

Spekuliantai.lt | 2010-09-20 | NASDAQ OMX biržų naujienos | perskaitė: 1170
TLN: Cresco Väärtpaberite AS becomes a Certified Adviser of Alternative Market First North

NASDAQ OMX Tallinn Announcement from the exchange 20.09.2010

Cresco Väärtpaberite AS becomes a Certified Adviser of Alternative Market First
North

As of today, September 20, 2010, Cresco Väärtpaberite AS has been approved as a
Certified Adviser on the alternative market First North in Estonia. Altogether
17 Certified Advisers are approved on First North in the Baltic countries;
seven of them provide services in Estonia: Cresco Väärtpaberite AS, Deloitte
Advisory, Lawfirm Aare Raig, Lawfirm Lepik & Luhaäär LAWIN, Lawfirm Sorainen,
SEB Enskilda and Swedbank.

„We are looking forward to contributing to both young companies and ambitious
entrepreneurs, and expect the First North to serve as a great alternative
marketplace,“ says Olev Schults, the Managing Partner of Cresco Väärtpaberite
AS.

Kalle Viks, the Head of Issuer Services of NASDAQ OMX Tallinn, adds:
„Increasing number of experienced First North advisers supports our trust in
the concept and helps to spread the word among potential issuers looking for
additional financing source 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 investment decisions.

About Cresco Väärtpaberite AS
Cresco Väärtpaberite AS provides asset management, sales and trading, and
investment banking services. Cresco is a founding member of NASDAQ OMX Tallinn
(1996). Cresco's investment banking record starts in 1995 and comprises of
large range of deals.

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. In
the Nordic countries, as many as 124 companies are already traded on First
North.


NASDAQ OMX Tallinn
Market Services
+372 6408800

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