Linas Agro Group AB – a new company on NASDAQ OMX Baltic Main List

17.02.2010 RIG

Riga, February 17, 2010 – Starting today shares of Lithuanian agricultural company Linas Agro Group AB are admitted to NASDAQ OMX Baltic Main List. Company is listed on NASDAQ OMX Vilnius.

“Linas Agro Group showed to other Baltic companies that today capital markets can provide financing needed for growth, – said Arminta Saladžienė, Chairman of the Management Board and president of NASDAQ OMX Vilnius.  – We are delighted to welcome a new company on NASDAQ OMX Vilnius, and are especially pleased that Linas Agro Group’s owners made the right decision to offer a significant number of shares for trading on the stock exchange, which, undoubtedly, will increase their liquidity”.

During the period between 25.01.2010 – 05.02.2010 AB Linas Agro Group successfully implemented the initial public offering of its shares attracting EUR 28 million. In total almost 50 million shares of the company where allocated to the investors out of which 94% were acquired by institutional investors and 6% by retail investors. Altogether 43 institutional investors and 459 retail investors became shareholders of AB Linas Agro Group. The shares were distributed to the investors for LTL 2,05 per share.

The trading ticker of Linas Agro Group on NASDAQ OMX Vilnius is LNA1.

About AB Linas Agro Group

AB Linas Agro Group is an integrated agribusiness company, which produces and markets agricultural products, feedstuffs and agricultural supplies. It controls companies in Lithuania, Latvia and Denmark. The Group consists of the following companies: AB Linas Agro, a Lithuanian company engaged in international trade in agricultural products; UAB Linas Agro KŪB Grūdų centras,an operator of grain storages in Kėdainiai, Kupiškis, Joniškis, Šiauliai andVilkaviškis; SIA Linas Agro, a grain trade company in Latvia; Rosenkrantz A/S, an international trade company in Denmark; ŽŪB Landvesta, a group of companies controlling agricultural land; and UAB Linas Agro Konsultacijos, controlling farming companies.According to the data of the financial year of 2008-2009, the company receives 55% of income from the marketing of grain and oilseeds while 29% of income is generated from the marketing of feed raw materials.

About NASDAQ OMX

The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX’s products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Media contacts: 

Āris Dreimanis
+371 67212431
aris.dreimanis@nasdaqomx.com