NASDAQ OMX Baltic, part of the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), tonight at a special live broadcast ceremony announced the winners of the Baltic Market Awards 2011, recognizing the best practices in the Baltic securities market.
Lithuanian telecommunication company TEO LT was awarded for the Best Investor Relations (IR) in the Baltic Countries for the third consecutive year. The runners-up for this award were utilities company Tallinna Vesi from Estonia and pharmaceutical company Grindeks from Latvia.
The Baltic Market Awards project, alongside with evaluating investor relations, identifies the most active financial intermediary – a bank or a brokerage firm trading in the Baltic securities – and awards it as Member of the Year. LHV Pank from Estonia was recognized the Baltic Member of the Year taking into account its trading activity and active involvement in the market improvement and development projects.
"I’m happy to see there has been strong progress with respect both in quality of IR and in our Baltic members’ efforts," said NASDAQ OMX CEO Bob Greifeld in a video message from New York. "NASDAQ OMX is committed to providing the best products and services in the industry that make easier for you to conduct business. In 2011, 87 companies raised more than 10 billion dollars in capital on NASDAQ OMX exchanges in Europe and in the United States. Together with our global clients and partners, we are providing efficient markets and solutions to help public companies fuel necessary economic growth in both developed and emerging markets--and clearly this includes the Baltics."
"Good investor relations help companies grow. With more investors turning towards international markets to explore cross-border opportunities it is crucial for the Baltic companies to maintain high standard investor relations, as transparent and accountable companies build credibility, trust and interest among the financial community. It is encouraging to see as many as 26 Baltic companies improve quality of their investor relations during 2011," said Arminta Saladžienė, Head of Baltic Markets at NASDAQ OMX.
The Baltic Market Awards jury also announced best companies in seven more categories (listed on the appendix).
APPENDIX:
The best investor relations in NASDAQ OMX Tallinn
1st: Tallinna Vesi
2nd: Tallink Grupp
3rd: Baltika
The best investor relations in NASDAQ OMX Riga
1st: Grindeks
2nd: SAF Tehnika
3rd: Olainfarm
The best investor relations in NASDAQ OMX Vilnius
1st: TEO LT
2nd: Invalda
3rd: Apranga
The best investor relations online
Five companies received a maximum of 25 points: City Service (www.cityservice.lt), Grindeks (www.grindeks.lv), Tallinna Vesi (www.tallinnavesi.ee), Tallink Grupp (www.tallink.com), TEO LT (www.teo.lt)
The best investor relations –among small cap (up to 25 million EUR market cap)
1st: SAF Tehnika
2nd: Arco Vara
3rd: Limarko laivininkystės kompanija
The best annual report
1st: TEO LT
2nd: Tallinna Vesi
3rd: Grindeks
The most visible improvement over the year
1st: Premia Foods (+15.84 points)
2nd: Latvijas balzams (+12.94 points)
3rd: Šiaulių bankas (+7.80 points)
The best investor relations in the Baltic Countries
1st: TEO LT
2nd: Tallinna Vesi
3rd: Grindeks
Member of the Year
1st: LHV Pank (Estonia)
2nd: SEB bankas (Lithuania)
3rd: Bankas Finasta (Lithuania)
Top 20 ranking Baltic companies in 2011 according to their Baltic Market Awards IR score:
1. TEO LT
2. Tallinna Vesi
3. Grindeks
4. SAF Tehnika
5. Tallink Grupp
6. Invalda
7. Baltika
8. Premia Foods
9. Nordecon
10. Olainfarm
11. Apranga
12. Šiaulių bankas
13. Harju Elekter
14. Latvijas Gāze
15. City Service
16. Sanitas
17. Arco Vara
18. Merko Ehitus
19. Olympic Entertainment Group
20. Ekspress Grupp
FTSE Mondo Visione Exchanges Index:
NASDAQ OMX Baltic Exchanges Announce Companies With The Best Investor Relations In The Baltic Region - Quality Of investor Relations In The Baltics Has Improved By 40% Since 2006
Date 26/01/2012