Ignitis Group has the best investor relations practices in Lithuania
A leading renewable energy company and the largest listed company in the Baltics Ignitis Group was recognised in the Nasdaq Baltic Awards 2023 and took the first place in the category of “The Best Investor Relations Company in Lithuania” and, together with another issuer, is sharing second place in the category of “The Best Investor Relations Company in the Baltics”.
Companies listed in Nasdaq Baltic were evaluated in the areas of disclosure transparency, sound corporate governance, trading activity and investor relations. All issuers were evaluated by market analysts and professional investors.
According to CFO of Ignitis Group Jonas Rimavičius, it is important that the Group is recognised in the capital market awards.
“Accountability to shareholders and transparency is in our DNA. We follow the highest standards in all our operations, therefore we are glad to receive the award in the area of investor relations. It is also an important reminder that we are on the right path,” says J. Rimavičius.
When talking about the securities market and its importance, J. Rimavičius noted that, by participating in the securities market, Ignitis Group created conditions for further investments into green energy generation, even in the context of the current geopolitical situation. EUR 450 million secured during the IPO allowed the company to ensure further investments in the expansion of green energy generation capacity and distribution network, which are strategically important to Lithuania and the region. “The Group's IPO has undoubtedly strengthened the Lithuanian capital market because we’ve attracted the attention of international investors and are making our region more attractive investment-wise,” noted the CFO of Ignitis Group.
Previously, the Group was only a bond issuer, and in 2019 it was recognised as the best bond issuer, while in 2021 it was recognised for its IPO, which was the most important event in the Baltic capital markets in 2020.
About the awards
Nasdaq Baltic Awards celebrate the outstanding achievements of the listed companies in the areas of transparency, sound corporate governance and investor relations. The awards honour the best performing Baltic stock exchange members, which are evaluated based on their corporate governance practices and the insights from international experts.
