Estonia, Financial Services, Investments, Real Estate

The bourse announced that the Listing and Surveillance Committee of the NASDAQ OMX Tallinn stock exchange reviewed the application, filed with the Committee for admission of AS Pro Kapital Grupp shares to trading in the Secondary List (regulated market).

The Committee decided on November 15, 2012 to satisfy the application by AS Pro Kapital Grupp and to admit AS Pro Kapital Grupp shares to trading in the Secondary List (regulated market). The first trading day of the shares will be Friday, November 23, 2012.

The Committee advises the company to conclude a market making agreement with a trading member that will provide sufficient liquidity for the shares after admission to trading.

Pro Kapital Grupp AS cancelled in September the planned initial public offering of shares as there wasn't enough demand for the shares at the acceptable price level. The company hoped to get 70.3-75.9 million euros to develop the Peterburi Rd shopping centre and Tondi residential quarters in Tallinn and a housing project in Riga.