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JSC “Ventspils nafta” receives an award for the best interactive investor relations in the Baltic States already for the second year

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JSC “Ventspils nafta” receives an award for the best interactive investor relations in the Baltic States already for the second year

january 23, 2015 / Ventspils nafta

According to evaluation of the stock exchange group “NASDAQ OMX Riga”, for the second year in a row, JSC “Ventspils nafta” (NASDAQ OMX RIGA: VNF1R) has been recognised as the company that implemented the best interactive investor relations last year between the companies listed in the Baltic securities market. The stock exchange award was presented on Thursday, January 22 at the Baltic Market Awards ceremony. 

 “The rapid development of internet technologies has created new preconditions for communication with investors. Communication has become much more effective – it is no longer necessary to wait for the next shareholders’ meeting to obtain information of interest. Each investor can choose the most suitable channel, whether it is the website or social networks, or a webinar organised by the company. We are genuinely happy that the work we have contributed has been approved of already for the second year in a row. That confirms the high corporate governance standards of the group of companies,” says Robert Kirkup, the Chairman of the Management Board of JSC “Ventspils nafta”.

The Baltic Market Awards commenced in 2006. They were established with the aim of promoting improvement of investor relations, increasing transparency of the companies listed in the stock exchange, as well as providing individual evaluation and consultations to companies in respect of improvement of investor relations. Each company is evaluated by over 160 criteria, including the quality of their annual reports and interim reports, notifications to the stock exchange, companies’ websites and evaluation done by independent experts.

The evaluation committee of the Baltic Market Awards consisted of representatives from the media, academic community, institutional investors and management of the Baltic stock exchanges.

 

About JSC “Ventspils nafta”

JSC “Ventspils nafta” is one of the largest groups of companies in Latvia and works in the petroleum product transport, transhipment and storage, as well as shipping sector. JSC “Ventspils nafta” is the Group’s parent company, which manages investments in subsidiary companies, by promoting the Group’s joint values and growth in value of each individual company.

 JSC “Ventspils nafta” owns 51% in ““Ventspils nafta” terminals” Ltd, which is the largest crude oil and petroleum product terminal in the Baltics; 66% in “LatRosTrans” Ltd, which is the largest Latvian-Russian joint venture in the Baltics; 49.94% in JSC “Latvijas kuģniecība”, which is among the leading ship owners in the world in the medium-sized and handy tankers category

 Shares of JSC “Ventspils nafta” (NASDAQ OMX RIGA: VNF1R) are quoted in the Baltic Official List of the stock exchange NASDAQ OMX Riga since October 20, 1998.

 

Elīna Dobulāne, Communications Consultant

JSC “Ventspils nafta”

Phone: +371-25959447

Email: elina.dobulane@vnafta.lv