Nasdaq Baltic Awardees to Ring The Nasdaq Stock Market Closing Bell in New York

07.11.2019 RIG, TLN, VLN

The winners of the Nasdaq Baltic Awards for 2019 – Nasdaq Baltic-listed companies LHV Group, MADARA Cosmetics, and Ignitis Group recognized for excellence in the areas of transparency, governance, and sustainable investor relations – on November 25 will visit the Nasdaq MarketSite in Times Square in New York.

In honor of the occasion,  Mr. Madis Toomsalu, the CEO of LHV Group, Ms. Lotte Tisenkopfa-Iltnere, the Founder and CEO of MADARA Cosmetics, and Mr. Darius Maikštėnas, the Chairman of the Board and CEO of Ignitis Group, will have the honor to ring the Closing Bell.

When: Monday, November 25, 2019 – 3:45 p.m. to 4:00 p.m. ET

Webcast: A live stream of the Nasdaq Closing Bell will be available at: or

LHV Group, the largest domestic financial group in Estonia, triumphed in the main category “Investor Relations of the Year”. The company was recognized for the best investor relations practices and the highest shareholder returns among Baltic listed companies over the past two years. LHV Group is a true pillar of the Baltic capital market, acting as a blue chip issuer, a pan-Baltic exchange member, and a manager of pension funds which invest in the Estonian economy.

Photo from left: TOOMAS TÕNISTE, the Minister of Finance of Estonia and Madis Toomsalu, CEO of LHV Group

MADARA Cosmetics from Latvia, one of the most advanced manufacturers for organic cosmetics in Northern Europe, with transparency and sustainability as core values, won the “Best Investor Relations on First North” award for its sound disclosure practices and efforts to attract investors and engage stakeholders on the alternative market.

Photo from left:  Lotte Tisenkopfa-Iltnere, CEO of MADARA Cosmetics and Indars Aščuks, the Head of Baltic Markets at Nasdaq

Ignitis Group from Lithuania, one of the largest energy groups in the Baltics, was awarded for the “Best Investor Relations by a Bond Market Newcomer”, in recognition of its quality relations with bond investors and contribution to creating opportunities for sustainable investments in the Baltics.

Photo from left: Elijus Čivilis, Vice – Minister of the Economy and innovation of the Republic of Lithuania; Darius Kašauskas, Lietuvos energija UAB Member of the Board, Director of Finance and Treasury; Saulius Malinauskas, the CEO of Nassaq Vilnius

About Nasdaq Baltic Awards
The Nasdaq Baltic Awards are a biennial initiative of the Nasdaq Baltic exchanges and Nasdaq CSD. The awards celebrate outstanding achievements by Nasdaq Baltic-listed companies in the areas of transparency, sound corporate governance and investor relations. They honor the companies with the best investor relations and the best shareholder return. They also recognize the best performing stock exchange members and highlight the most significant stock exchange events – those with the most impact on the Baltic capital market’s development. The evaluation of the Nasdaq Baltic Market’s listed companies and exchange members is performed by local and international experts in capital markets, corporate governance and investor relations. For more information, visit:

Other sources via Social Media:
For multimedia features such as exclusive content, photo postings, status updates and video of bell ceremonies, please visit our Facebook page:
For photos from ceremonies and events, please visit our Instagram page:
For livestream of ceremonies and events, please visit our YouTube page:
For news tweets, please visit our Twitter page:

Media Contact

Dace Bulte,
+371 6721 2431

Tradable Assets


Market information


Market Regulation

Rules and Regulations

Get Started

For Companies
For Investors
For Brokers/Members
For First North Advisers


Nasdaq News
Issuer News

About Us

Nasdaq Baltic Market