Tallinn/Riga/Vilnius, Nasdaq Baltic Market, January 5, 2016 – Nasdaq (Nasdaq: NDAQ) announces that the shares of ESO (Energijos Skirstymo Operatorius), AB ( Energy Distribution Operator, AB ) (short name: ESO1L) will be listed on the Baltic Main List by Nasdaq Vilnius as of January 11, 2016.
The total number of registered ordinary shares issued by ESO is 894,630,333; nominal value of one share is EUR 0.29.
„We are delighted to welcome a newly merged Lithuanian energy giant ESO to the market,“ said Arminta Saladžienė, Head of Nasdaq Baltic and President of Nasdaq Vilnius. “We believe that ESO has potential to become one of the flagship listed companies and attract international and domestic institutional and retail investors. We wish ESO set an example for other state owned companies and private companies how the capital market opportunities can be exploited to the benefit of all stakeholders.“
ESO was established after reorganization of LESTO, AB and Lietuvos dujos, AB by merger and was registered in the Register of Legal Entities of Lithuania on December 15, 2015. According to the terms of reorganization ESO takes over the assets, rights and obligations of both companies.
More information about reorganization of LESTO and Lietuvos Dujos is given on nasdaqbaltic.com (Market Announcements).
"As one of the biggest market capitalization company we will continue the best investor relations practices and will seek to validate investors’ expectations,“ said Liudas Liutkevičius, Chairman of the Board and Chief Executive Officer of Energijos Skirstymo Operatorius. “In Energijos Skirstymo Operatorius we have concentrated the best competencies of the two companies which will open up large potential for synergy. This will allow us to improve the quality of services and increase our operational efficiency.”
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