OREANDA-NEWS. Nasdaq Riga decided on December 4, 2014 to immediately apply observation status to AS "Liepajas autobusu parks" (LAP1R, ISIN code: LV0000100907).

Observation status will be applied according to Nasdaq Riga Listing and Disclosure rules Article 20.1.2, Subarticle 7, which stipulates that the Issuer shall be placed on observation status if in the next 6 months it is planned to perform activities in the result of which the financial instruments of the Issuer would be delisted.

On December 4, 2014 AS "Liepajas autobusu parks" published announcement about convocation of company’s extraordinary shareholders meeting to take place on January 12, 2015 with one agenda item – Delisting of the Company’s shares from the regulated market.

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