Listing day is the begining of the journey as a public company. After going public, the company is in the public light to a far greater extent than before. It will be monitored both closely and critically by investors, business partners, media and competitors among others.
Baltic stock exchanges help make the life as a public company a bit easier supporting the companies in fulfilling continuing obligations and disclosures.
Corporate governance
All three Baltic stock exchanges adopted the Corporate Governance codes (Codes), which means that the listed companies should now review their reporting system and adjust it to the Codes. The Codes were developed by a roundtable of experts - issuers, investors, auditors, entrepreneurs, public sector representatives, lawyers, local financial supervisory authorities and others.
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Disclosure requirements
All Baltic exchanges have set strict information disclosure requirements for listed companies. Listed companies have to disclose, without delay, any information that may have an effect on the price of a security. The purpose of disclosure is to provide information to the market about any significant events in the issuers business and ensure that the investors and other market participants, on the basis of this information, would be able to take investment decisions about the listed securities.
To assure equal access to the information to all market participants, the issuer has to submit it to the stock exchange prior to or simultaneously with releasing it to the public. The information is disseminated to investors via the exchanges website, in national languages and in English.
Disclosure requirements in NASDAQ OMX Tallinn
Disclosure requirements in NASDAQ OMX Riga
Disclosure requirements in NASDAQ OMX Vilnius
Price sensitive information
Issuers are legally obliged to publish all information relating to the company that could influence the price of their shares. The capital markets also demand regular and timely information on the company's progress in the form of quarterly reports and annual financial statements.
