Grigiskes AB shares to be listed on the Main List of NASDAQ OMX Vilnius

28.06.2010 VLN

Vilnius, June 28, 2010 – NASDAQ OMX Vilnius today announces the decision to upgrade Grigiskes AB to the NASDAQ OMX Vilnius Main List as of July 1, 2010. Currently, the company’s shares are traded on the Secondary List of NASDAQ OMX Vilnius, and Grigiskes is a second-year constituent to the OMX Baltic Benchmark Index.

“We are very pleased to welcome this stock exchange old-timer, well-known to investors, to our Baltic Main List. The company has a solid history of focusing on investor relations as well as improving liquidity in its shares.” said Arminta Saladziene, Chairman of the NASDAQ OMX Vilnius Management Board. “We hope that the upgrade to the Main List will support the company in pursuing future growth.”

“We are happy to have reached a long-term goal and believe that the upgrade to the Main List will make our company more transparent, attractive and visible to both local and foreign investors. We will strive to deliver on confidence and expectations of our shareholders by further improving the value of our company”, said Gintautas Pangonis, Director General of Grigiskes AB.

As of July 1, 2010 the Baltic Main List will contain 36 companies, including 17 issuers from Lithuania.

More information about the company:

Grigiskes AB is a manufacturer of toilet paper, paper towels, paper napkins, medical cellulose wadding, corrugated board. About 55% of toilet paper is exported to Latvia, Estonia and Sweden. Grigiskes AB also manufactures hardboards for the furniture industry. About 77% of the hardboards are exported to, among others, Sweden, Great Britain, Germany, Poland, Finland, Denmark, the Netherlands, Switzerland, and Belgium. Corrugated board and packaging as well as other corrugated board products are mainly sold in the home market. Grigiskes AB employs around 470 people. The company is the first company in Lithuania that received LST EN ISO 9001 Quality Certificate.

The authorized capital of the company is LTL 60 million (EUR 17.38 million), which consists of 60 million ordinary registered shares at LTL 1 par (EUR 0.29). At the end of 2009 the consolidated net profit of Grigiskes AB was LTL 2.63 million (EUR 0.76 million), whereas at the end of Q1 2010, it amounted to LTL 231,357 (EUR 67,006). The average market capitalization of the company during Q1 2010 was LTL 65 million (EUR 18.83 million).

Media contacts:
Diana Zarembiene
NASDAQ OMX Vilnius +370 5 272 13 71