Baltic Classifieds Ditches Pence for Euro Cents on London Exchange

Baltic Classifieds Group PLC has announced plans to change the currency in which its shares trade on the London Stock Exchange from pence to euro cents.

The online classified ads provider, operating in Lithuania, Estonia, and Latvia, expects this change to take effect at the beginning of September.

Baltic Classifieds generates revenue and earnings in euros and reports financial results in the same currency.

The company believes aligning its share price with its financial reporting will provide greater consistency and simplify the investment case.