OREANDA-NEWS. July 02, 2010. NASDAQ OMX Vilnius stock exchange's newcomer Linas Agro Group, AB was included into the composition of the Baltic stock exchanges' OMX Baltic Benchmark index as of July 1. According to specialists, it is a good sign to both investors and  the company.
 
OMX Baltic Benchmark index consists of all the largest capitalization and the most liquid Baltic companies' shares, which are traded on OMX Baltic countries' stock exchanges. This index is reviewed twice a year: on the 1st of January and the 1st of July.

“Linas Agro Group is a new company on the Current List of our stock exchange. The trade of its shares was launched in February. The fact that in the very first review after the listing Linas Agro Group shares satisfied the requirements of OMX Baltic Benchmark index in terms of trading turnover and capitalization criteria of free shares, evaluating each sector of economic activities separately, is a good sign to both investors and the company,” NASDAQ OMX Vilnius Head of Market Services Department Saulius Malinauskas said.

According to S. Malinauskas, investment funds often organize and restructure their portfolios in accordance with the Baltic stock exchanges' OMX Baltic Benchmark index as well as tradable index OMX Baltic 10. “Linas Agro Group inclusion into the OMX Baltic Benchmark index shows that the liquidity of the company's shares is sufficiently high among other listed Baltic companies of the same sector,” NASDAQ OMX Vilnius Head of Market Services Department maintained.

“This fact can be viewed as the stock exchange's acknowledgment that Linas Agro Group is an interesting company for investors. Further, there are other advantages besides prestige. First of all, the company's inclusion in the index encourages purchase of the shares. It is usually typical of those investment funds which seek to copy changes of Baltic countries' indexes with their portfolios. Other investors could also wish to invest into the shares on the index because it is associated with the reliability. A lot of advantages, which ensure large shares' liquidity and attraction towards investors, emerge,” Swedbank Project Manager Aleksas Mickus stressed.

“We are very pleased that our company has received such rapid acknowledgment and investors' interest on the stock exchange. It obliges us even more to justify their expectations, implement our expansion plans and reach expected results,” Linas Agro Group, AB CEO Darius Zubas said.

About Linas Agro Group, AB

Linas Agro Group, AB is an integrated agribusiness company engaged in international agricultural business, production and trade in agricultural produce and raw materials. It controls companies in Lithuania, Latvia and Denmark. The Group consists of the following companies: Linas Agro, AB, a Lithuanian company engaged in international trade in agricultural plant produce; Linas Agro, UAB controlling grain storages; Grudu centras, KUB (controlling grain storages in Kedainiai, Kupiskis, Joniskis, Siauliai and Vilkaviskis), grain trade company in Latvia Linas Agro, SIA; international trade company in Denmark  Rosenkrantz A/S; Landvesta, ZUB, a group of companies controlling agricultural land; and Linas Agro Konsultacijos, UAB controlling agricultural companies. Financial year of the companies starts on the 1st of July.

As of February 17, 2010 Linas Agro Group, AB is listed on NASDAQ OMX Vilnius stock exchange.