OREANDA-NEWS. NASDAQ OMX Riga decided on February 18, 2013 to immediately apply observation status to AS "Rigas elektromasinbuves rupnica" (RER1R, ISIN code: LV0000101012).

NASDAQ OMX Riga Listing and Disclosure rules Article 20.1.2, Subarticle 7, stipulates that the Issuer shall be placed on observation status if in the next six (6) months it is planned to perform activities in the result of which the financial instruments of the Issuer would be delisted.

On February 18, 2013 AS "Rigas elektromasinbuves rupnica" published an information on the convocation of the extraordinary general meeting that will be held on March 19, 2013 and in which it is planned to decide on the delisting of the AS "Rigas elektromasinbuves rupnica" shares from the regulated market.

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