Energy commodities trader and convenience store network AS Virši-A (hereinafter – Virši) has received the Nasdaq Baltic Award 2023 for Best Investor Relations on First North Share List. This award recognizes the company’s achievements in transparency, good corporate governance practices and investor relations.
“We are proud of our company’s achievement and are grateful to the team, investors and partners who have all supported us along the way. Virši has now spent more than a year as a listed company, and we can conclude that the benefits of this journey have certainly outweighed the costs. The preparation phase for listing on the stock exchange took our company about a year of intensive work. Prior to listing on the stock exchange, we improved the corporate governance of the company, made various improvements in legal and financial matters, and strengthened the recognition of the Virši story in the public space.
Already having the status of a public joint-stock company, we implemented our investor relations strategy, introducing the shareholder benefit programme and ensuring transparency in the company’s development processes. This Nasdaq Baltic Award is a confirmation and a sign of quality for the successful accomplishment of the company’s strategic development plan and its goals,” says Jānis Vība, Chairman of the Board of Virši.
The winners of the Nasdaq Baltic Awards 2023 were honoured during a festive awards ceremony at each Baltic exchange on 9 February. The awards were presented for outstanding achievements of Nasdaq Baltic listed companies in the investor relations area, and spotlighted capital market participants and events that have contributed most to the development of the Baltic and local capital markets.
"Congratulations to Virši on receiving 1st place at Nasdaq Baltic Awards 2023 nomination "Best investor relations in the First North stock market" in the Baltics. We are happy to celebrate together with our local Latvian company. The Baltic First North market is tailor-made for small and medium-sized companies - size does not matter, it`s all about ambitions. Virši ambitions allow the company to be proud not only of a record number of attracted investors, but also of investors' recognition", said Daiga Auziņa-Melalksne, head of the Nasdaq Baltic Exchange.
About the Nasdaq Baltic Awards
The Nasdaq Baltic Awards celebrate outstanding achievements by Nasdaq Baltic-listed companies in the areas of transparency, sound corporate governance and investor relations. The methodology, developed by an independent international assessment committee and the Nasdaq Baltic exchanges, includes an assessment of securities trading and public disclosures as well as surveys of professional market analysts and journalists Nasdaq Baltic Awards honor the companies with the best investor relations and the best shareholder return. They also recognize the best performing stock exchange members and highlight the most significant stock exchange events – those with the most impact on the Baltic capital market’s development. Assessment of the Nasdaq Baltic Market’s listed companies and stock exchange members is conducted by local and international experts in corporate governance and investor relations. The committee is chaired by Geoffrey Mazullo, a corporate governance expert.
About Virši:
Virši is rapidly growing energy commodities trader and convenience store network with 28 years of experience. Since 2021, Virši offers electricity to the corporate segment. Further, the company sells electricity produced in Latvia.
Currently, there are 70 service stations in the network of Virši that employ over 750 employees across all Latvian regions. On 11 November 2021 AS “Virši-A” shares were admitted to trading on the alternative market First North of Nasdaq Riga stock exchange.
More information:
Undīne Priekule
Virši Head of Communications
Phone: 26 141 219
E-mail: undine.priekule@virsi.lv
www.virsi.lv
