Baltika AS
Veerenni 24
Phone: +372 6302801p:+372 6302801 TALLINN, 10135  Estonia Ticker: BLT1TBLT1T

Filed for Reorganization Proceedings on 3/25/2020
On 3/25/2020, Baltika AS filed an application for the commencement of Reorganization proceedings with the Harju County Court.
On 3/26/2020, the Harju County Court announced its decision to initiate the Reorganization Proceedings.
The Reorganization only concerns Baltika AS, not any other Baltika Group entities.

Baltika sells “Monton” trademarks

   As announced on 11th December 2020 ( ) Baltika Group will continue with implementation of business model, focusing going forward only on developing and marketing women clothing brand Ivo Nikkolo. Based on this AS Baltika has signed in April an agreement to sell „Monton“ trademarks in Europe to Shenzhen Maiteng International Apparel Co.Ltd operating Monton Sports sportswear brand. All the proceeds from the sale will be used to repay a loan to the bank which holds the pledge to the trademark. Baltika Group will have the license to sell under the „Monton“ brand for free untill the end of 2023.

    Sale of „Monton“ trademarks is not considered a significant transaction in accordance with Nasdaq Tallinn Requirements for Issuers.

Flavio Perini

Chairman of the Management Board, CEO

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Saturday, April 17, 2021