Nasdaq CSD Estonian branch offers to issuers a book building service

The essence of the service is the collection of subscription orders from investors in the core CSD system through account operators. This service is provided by the Nasdaq CSD Estonian branch to companies whose:

  • securities must be registered in the Estonian Securities Register pursuant to the provisions of §2 (1) of the Securities Register Maintenance Act
  • securities may be publicly offered in accordance with § 12 of the Securities Market Act or admitted to trading on a trading venue provided for in § 3 of the Securities Market Act

 

In order to provide the service, an agreement must be concluded with the Nasdaq CSD Estonian branch, where the content of the service is agreed in more detail, but the service usually includes:

  • collection of subscription orders
  • providing the issuer with an ongoing overview of the subscription orders collected and
  • after the allotment has been confirmed by the Issuer, the generation of delivery versus payment settlement instructions to the Depository system so the company receives the capital and investors securities.

Fees for technical organization of public offering of securities

Contract fee
– Securities traded on the Main List 4 000 Eur
– Securities traded on the Secondary List or First North  3 500 Eur

Conversion of subscription orders into securities transfer orders  2.5 Eur per transfer order

The intermediaries of public offerings for investors are Estonian, Latvian and Lithuanian credit and financial institutions:
  • SEB Pank AS
  • Swedbank AS
  • LHV Pank AS
  • Luminor Bank AS (Estonia)
  • Luminor Bank AS (Lithuania)
  • Luminor Bank AS (Latvia)
  • Lightyear Europe AS
  • AB Artea bankas (Lithuania)
  • JSC Citadele banka (Latvia)

Reach to our team of expert advisors

+372 640 88 40
Maakri 19/1 10145 Tallinn, Estonia

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