Riga/Tallinn/Vilnius, Nasdaq Baltic Market, October 7, 2020 – Nasdaq (Nasdaq: NDAQ) announces that the Nasdaq Vilnius is including the shares of Ignitis Group (short name: IGN1L) on the Nasdaq Baltic Main List as of October 7, 2020.
Ignitis Group, the energy company, held an initial public offering (IPO) from September 21 to October 1 for retail investors in Lithuania, Latvia and Estonia and institutional investors in Europe. The company raised EUR 450 million of new capital in the offering. The IPO was the largest in the Baltic countries to date and a significant event for the capital markets of Lithuania and the Baltic region.
In the public offering of shares, investors acquired 20 million shares, which amounts to 26.9 percent of the company’s total issued share capital. Institutional investors acquired 18,130,699 shares and retail investors 1,869,301 shares. A total of 6,827 retail investors took part in the IPO: 4,691 from Lithuania, 1,836 from Estonia and 300 from Latvia. UK institutional investors participated actively, as did institutional investors from the Nordic countries, the Baltic region, and other parts of Europe. The European Bank for Reconstruction and Development (EBRD) acquired 4 percent of the newly issued shares and became Ignitis Group’s largest minority shareholder.
“We welcome Ignitis Group to trading on the Nasdaq Baltic Main List. The listing of the most valuable company on the exchange is a noteworthy historic event for Lithuania’s capital market community and for the whole Baltic region, increasing its visibility and attractiveness for both international and local investors,” says Saulius Malinauskas, the President of Nasdaq Vilnius. “We believe that this will attract even more investments to the region and encourage other companies in the Baltics to take advantage of the opportunities that the capital markets offer. At the same time, this step is an important stimulus for further developing a culture of investment in the region and giving society at large new opportunities to save and invest.”
“Today marks a pivotal moment for Ignitis Group. Together with our new individual and institutional shareholders in the Baltics and around the world, we will begin our journey as a listed company, bolstering our long-term green energy strategy”, says Darius Maikštėnas, the Chairman of the Board and CEO of the Ignitis Group.
About Ignitis Group
Ignitis Group is one of the largest international utilities and renewable energy companies in the Baltic region. Its core business activities are operating electricity and gas distribution networks, as well as expanding green generation portfolio. The Group also manages strategically important flexible generation resources and provides customers and solutions services, such as supply of electricity and gas, solar, e-mobility, energy efficiency and other innovative energy smart platforms for households and businesses. Ignitis group operates in its home markets – Lithuania, Latvia, Estonia, Poland and Finland. More information: www.ignitisgrupe.lt
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Nasdaq Baltic represents the common offering of the Nasdaq Tallinn, Nasdaq Riga, Nasdaq Vilnius securities exchanges as well as Nasdaq CSD. Read more: nasdaqbaltic.com.
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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 and its 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’s control. These factors include, but are not limited to factors detailed in Nasdaq’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.
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