Issuers, whose securities are listed in the Main List, the Secondary List or the Debt Securities List shall prepare their financials using the accounting policies and methods that comply with International Financial Reporting Standards.

An issuer must submit to the Nasdaq Vilnius the issuer’s audited annual accounts and the auditor’s opinion not later than on the day they are submitted to the issuer’s shareholders.

An issuer must submit to the Nasdaq Vilnius the issuer’s Annual Report prepared in accordance with the requirements of the law at least on the day the issuer’s shareholders have a right to be acquainted with it. If the issuer’s shareholders are given access to the Annual Report earlier, the issuer must submit this report to the VSE.

In the manner established by the Board of the Nasdaq Vilnius, in the Annual Report an issuer must disclose its compliance with the Governance Code approved by the Nasdaq Vilnius for the companies listed on the regulated market and its specific provisions. If an issuer fails to comply with the Corporate Governance Code or certain provisions thereof, it must be specified which provisions are not complied with and the reasons of non-compliance. 

An issuer must submit to the Nasdaq Vilnius periodical reports, prepared in accordance with the rules, within the same time limits as to the Competent Authority.

Issuers, whose securities are listed in the Main List, the Secondary List or the Debt Securities List, must file with the Nasdaq Vilnius a balance sheet, a profit (loss) account, a cash flow statement, a statement of changes in equity capital, and notes or appendices for three, six, nine, and twelve months no later than 2 month after the end of the accounting period.

An issuer must submit a notice about the company’s preliminary result (profit or loss) for the previous year no later than within 2 months after the end of the financial year.

Issuers, whose securities are admitted to the Main List, the Secondary List or the Debt Securities List, must disclose information about material events through the information system of the VSE.

The material events that must be disclosed through the information system of the VSE shall be all the events specified in the list provided in the Rules on Disclosure of Information on Issuers’ Material Events passed by the Competent Authority, and the events related to the issuer’s activities which are specified in the Trading Rules of VSE.

An issuer shall immediately disclose the details of any major changes in its business or other circumstances relating to the issuer which are not directly specified in Trading Rules of Nasdaq Vilnius, but which are not public knowledge and which may, by virtue of their effect on the issuer’s assets, liabilities, operations or reputation, affect the price of its listed securities.

All notices which an issuer announces through the information system of the Nasdaq Vilnius and periodic reports shall be submitted in Lithuanian and English. An issuer shall make public all notices intended for disclosure in both languages simultaneously. An issuer shall ensure that financial details are specified at least in euro and in the currency of the home country if it is different. 

 

For the Main and Secondary List

  • An issuer must place a notice about a resolution to convene a general shareholders’ meeting. Where the agenda of the general shareholders’ meeting include an issue of the increase or reduction of the authorized capital, in its notice an issuer shall disclose the purpose and method of the intended increase or reduction of the authorized capital. Where the general shareholders’ meeting passes a resolution to increase or reduce the authorized capital, change the par value of the shares, or convert securities, the issuer shall immediately disclose to the public a detailed procedure and time limits for implementation of these resolutions.
  • An issuer must make public the draft resolutions to be adopted by the general meeting
  • An issuer must place a notice about any resolution that the competent bodies of the issuer passed and/or intend to pass concerning reorganization of the issuer.
  • An issuer must place a notice through the information system of the Nasdaq Vilnius about a resolution that the competent bodies of the issuer passed and/or intend to pass concerning payment (non-payment) of dividends. The notice shall contain information about the amount of dividend to be paid per share and the procedure and date of payment of the dividends.
  • An issuer shall file with the Nasdaq Vilnius a written notice which shall include the actual date when the documents concerning an increase or reduction of the issuer’s authorized capital or a change in the par value of shares are to be rendered to the manager of the Register of Legal Entities for registration, where the registration of said information means implementation of the decision of the general shareholders’ meeting referred to in section 16.6 of Trading Rules of Nasdaq Vilnius.
  • An issuer must report about changes in its founding documents or Articles of Association.
     

For Debt Securities

  • An issuer must inform the public without delay of any change in the rights of holders of debt securities resulting, in particular, from a change in loan terms or in interest rates.
  • An issuer shall disclose the information about convocation of a meeting of debt securities holders, as well as about exercising rights of conversion, exchange, subscription or renunciation.
  • An issuer must disclose a resolution adopted/ proposed for adoption by the issuer’s competent body not to pay interest on debt securities to their holders or to make interest payments only in part.
  • An issuer must disclose a resolution adopted/ proposed for adoption by the issuer’s competent body on redemption of the debt securities concerned before their maturity.
  • Shall disclose information on any new issue of debt securities, primarily, about their guarantees and warrantees, also about the main characteristics of the debt securities concerned.
  • An issuer shall disclose information about an intended reduction of the authorized capital of the issuer.
  • An issuer must inform the public without delay of any changes in the rights attaching to the various classes of shares to which they relate.
  • An issuer planning an amendment to its founding documents or Articles of Association affecting the rights of holders of debt securities must forward a draft thereof to the VSE no later than on the day the issuer’s shareholders are given an opportunity to discuss the draft.
     

For Funds

  • Listed funds must submit to the Nasdaq Vilnius periodical reports, prepared in accordance with the Law on collective investment undertakings, within the same time limits as to the Competent Authority.
  • On every Exchange Day the issuer must submit the prices of the investment units or shares.
  • Listed funds must disclose any decision to suspend operations of the investment fund or the investment company with variable capital, revoke the license of the management company or the investment company with variable capital, reorganize or liquidate the management company or the investment company with variable capital or distribute the fund.
  • Listed funds must disclose if a bankruptcy procedure has been initiated against the management company or the investment company.
  • Listed funds must disclose immediately if the management company or the investment company has delegated part of its functions to another company.