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Published: 2015-12-15 13:00:47 CET
Nasdaq Vilnius
Changes to observation segment

Observation status is continued to apply to PC Lithuanian Shipping Company

Vilnius, Lithuania, 2015-12-15 13:00 CET -- Nasdaq Vilnius decided to continue to apply observation status to PC Lithuanian Shipping Company (LJL1L, ISIN code: LT0000125999, AB "Lietuvos jūrų laivininkystė").

By the decision of Regional Court of Klaipeda dated 14th December 2015 the bankruptcy proceedings of PC Lithuanian Shipping Company have been initiated. The decision comes into force 10 days after its adoption.

The observation status was applied to PC Lithuanian Shipping Company as of November 30, 2015 after the company announced that on 27-11-2015 the General Director of PC Lithuanian Shipping Company applied to the District court of Klaipeda to initiate bankruptcy proceedings in respect of PC Lithuanian Shipping Company (https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=686956&messageId=857564).

 

The purpose of applying observation status is to alert the market participants.

 

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Nasdaq Baltic is a common name for exchanges, regulated markets, alternative First North markets operated by Nasdaq companies in the Baltic States, i.e. Nasdaq Tallinn AS, Nasdaq Riga AS and AB Nasdaq Vilnius.