The Ignitis Group, which provides securities analysis, brokerage, share and fund trading services, was added to the list of analyzed companies at its request and published an initial report, the group announced on Wednesday.
According to Jonas Rimavičius, a member of the Ignitis Group’s board and head of finance, since 2020 the number of shareholders of the group has increased more than three times from the current number of more than 20,000.
“With the trust of the rapidly growing number of retail investors, we aim to provide them with even more quality and objective information about the group’s performance and outlook. We also hope that the analyzes carried out by the Scandinavian company will increase the interest of institutional investors in this region in the group”, said J. Rimavičius in the report.
According to Ignitis Group, it is the first issuer from Lithuania whose analysis was performed by Norne Securities.
Prepared by Bank of Norway, the report provides insights into the group’s performance, potential, forecasts and valuation. Norne Securities will publish updated information quarterly, all reports will be publicly available on the Ignitis Group website.
The Ministry of Finance owns 74.99 percent. Minor shareholders – 25.01 percent of Ignitis grupė shares.
Tags: Norne Securities analyze results Ignitis Group provide forecasts Business
