Tallinn/Riga/Vilnius, December 10, 2009 – NASDAQ OMX Baltic, part of the NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), tonight at the Baltic Market Awards ceremony announced the companies from the NASDAQ OMX Baltic market awarded the best Investor Relations (IR) in 2009, as well as the Member of the Year.
TEO LT was awarded the Best Investor Relations in the Baltic Countries. This was the third time the company won this award. The company scored 98 points out of 100 possible. The other candidates for this award were Tallinna Vesi and SAF Tehnika. Apart from being awarded the Best Investor Relations in the Baltic countries, TEO LT was also awarded the Best Investor Relations in NASDAQ OMX Vilnius.
Tallinna Vesi was awarded for the Best Annual Report. In addition, the company had the highest overall score among Estonian companies and received the award for the Best Investor Relations in NASDAQ OMX Tallinn.
SAF Tehnika was awarded for the Best Investor Relations among Small Cap Companies and for the Best Investor Relations in NASDAQ OMX Riga. This was the fourth consecutive year that the company received both awards, thanks to its continuous efforts and focus on investor relations.
The Most Visible Improvement over the year in Investor Relations in the Baltic Countries was made by City Service from Lithuania, which increased its score by 19%.
For the award Best Investor Relations Online, four companies had the maximum score. The Baltic Market Awards evaluation committee therefore decided to award all four companies – Grindeks, SAF Tehnika, TEO LT and VST.
Since the market quality is driven not only by issuers but also by exchange members, The Member of the Year in the Baltic countries award was given to AB SEB bankas from Lithuania, acknowledging its trading activity, commitment to market development and strong customer focus.
“The Baltic Market Awards is not just about the progress made by the winning companies. The average score for the Baltic companies has increased by almost 6 percent since last year, thus making a remarkable 50 percent progress since 2006, when the Baltic Market Awards was introduced. We strongly believe that the way a company is doing its business and communicating with its shareholders matters. It is about ethics, transparency and governance. Investor Relations is an asset that plays an important role in companies’ sustainability and its ability to raise additional capital for growth,” said Henrik Elfving, NASDAQ OMX Vice President / Baltic market.
The Baltic Market Awards Evaluation Committee has ranked the following top 20 Baltic companies:
The Baltic Market Awards was introduced in 2006. The aim of the project is to highlight the best achievements in IR among listed companies and motivate companies to focus on investor relations and adapt best practices, as well provide companies with individual evaluation and consultancy advice from the exchange side. Each company is evaluated by more than 100 criteria, including the quality of annual and interim reports, disclosures, web page and analysts’ opinions. This year 58 companies were evaluated.
The members of the Evaluation Committee represent academics, investors and representatives of the Baltic Stock exchanges; it was chaired by Geoffrey Mazullo, Director of the Partners for Financial Stability (PFS) Program, East-West Management Institute. The company analysis was conducted by students from the Stockholm School of Economics in Riga, under the supervision of the evaluation committee and the NASDAQ OMX Baltic exchanges.
List of winners:
The Best Investor Relations in the Baltic Countries – TEO LT
The Best Investor Relations in NASDAQ OMX Tallinn – Tallinna Vesi
The Best Investor Relations in NASDAQ OMX Riga – SAF Tehnika
The Best Investor Relations in NASDAQ OMX Vilnius – TEO LT
The Best Investor Relations among Small Cap Companies – SAF Tehnika
The Best Annual Report – Tallinna Vesi
The Best Investor Relations Online – Grindeks, SAF Tehnika, TEO LT, VST
The Most Visible Improvement over the Year – City Service
The Member of the Year in the Baltic countries – AB SEB bankas
ABOUT NASDAQ OMX GROUP
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. With approximately 3,700 listed companies, it delivers trading, exchange technology and public company services across six continents. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from Nasdaq OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
CONTACT:
NASDAQ OMX Riga
Āris Dreimanis
+371 672 124 31
aris.dreimanis@nasdaqomx.com
NASDAQ OMX Tallinn
Tex Vertmann
+372 640 88 62
tex.vertmann@nasdaqomx.com
NASDAQ OMX Vilnius
Gintare Blazyte
+ 370 5 272 34 58
gintare.blazyte@nasdaqomx.com
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