On August 27, 2025, the Listing and Surveillance Committee of Nasdaq Tallinn decided to delist AS PRFoods shares from the Main List starting September 4, 2025, and to admit the shares simultaneously to trading in the Secondary List.
The main reason for transferring AS PRFoods shares to the Secondary List is that the company's market capitalization has fallen below the minimum required threshold. According to section 6.4 of the Rules for Listing Requirements (hereinafter: LR), the prerequisite for listing on the Main List is that the market value of the shares meets at least four (4) million euros. The market value of the shares of AS PRFoods is below the minimum requirement.
The Committee found that one of the main measures for protection of investors is due disclosure of material information. As information disclosure requirements are the same for Secondary List (regulated market operated by the Exchange) and Main List companies, delisting the shares from the Main List and simultaneous admission of the shares to trading in the Secondary List would not jeopardise protection of investors nor maintaining a fair and orderly market.
There are also no differences regarding trading, clearing & settlement, surveillance, sanctioning, etc. rules between Main List and Secondary List issuers and securities.
Proceeding from the above, the Committee decided, provided that AS PRFoods has entered into a written agreement with the Exchange for the trading of securities on the Secondary List, to terminate the listing of AS PRFoods shares on the Main List as of September 4, 2025, and to transfer its shares to the Secondary List from the same date.
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