Listing day is the beginning of the journey as a public company. After going public, the company is in the public light to a far greater extent than before. It will be monitored both closely and critically by investors, business partners, media and competitors among others. 

Baltic stock exchanges help make life as a public company a bit easier by supporting the companies in fulfilling continuing obligations and disclosures.

Corporate governance

All three Baltic stock exchanges adopted Corporate Governance Codes (Codes), which means that the listed companies now must review their reporting system and adjust it to the Codes. The Codes were developed by a roundtable of experts – issuers, investors, auditors, entrepreneurs, public sector representatives, lawyers, local financial supervisory authorities and others.

Read more here.

Disclosure requirements

All Baltic exchanges have set strict information disclosure requirements for listed companies. Listed companies have to disclose, without delay, any information that may have an effect on the price of a security. The purpose of disclosure is to provide information to the market about any significant events in the issuer’s business and ensure that the investors and other market participants, on the basis of this information, are able to take investment decisions about the listed securities.

In order to assure equal access for the information to all market participants, an issuer has to submit it to the stock exchange prior to or simultaneously with releasing it to the public. The information is disseminated to investors via the exchanges website, in national languages and in English.

Disclosure requirements in Nasdaq Tallinn
Disclosure requirements in Nasdaq Riga
Disclosure requirements in Nasdaq Vilnius

Price-sensitive information

Issuers are legally obliged to publish all information relating to the company that could influence the price of their shares. The capital markets also demand regular and timely information on the company’s progress in the form of quarterly reports and annual financial statements.