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22 Apr 2026 16:20
22 April 2026
Baltic Classifieds Group PLC
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(the "Company")
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Board change
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Baltic Classifieds Group PLC, (LSE: BCG), the leading online classifieds group in the Baltics, announces that Simonas Orkinas has informed the Board of his intention to retire from his position as Chief Operating Officer of the Company and not to stand for re-election at the next Annual General Meeting.
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ArtΕ«ras Mizeras, currently Development Director, will assume the role of Chief Operating Officer upon Simonas's departure. ArtΕ«ras joined Baltic Classifieds Group ("BCG") 15 years ago when BCG acquired his business. He has led several of our most successful businesses, including our Auto, Generalist and Real Estate portals.
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Justinas Ε imkus, CEO of Baltic Classifieds Group, said:
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"Simonas has been an invaluable member of our team and a key partner in our journey for over 18 years. He was the very first employee of Skelbiu.lt and has been instrumental in the growth and success of Baltic Classifieds Group, from its early days to becoming a publicly listed company. I am immensely grateful for his dedication and significant contributions. On behalf of the entire company, I want to thank him and wish him the very best for the future. At the same time, I want to congratulate ArtΕ«ras on his promotion. He has proven to be an exceptional leader within the Group, and I am confident he will excel in his new role."
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Simonas Orkinas, COO of Baltic Classifieds Group, said:
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"My time with Baltic Classifieds Group has been an extraordinary journey, and I am deeply grateful for the opportunity to contribute to the company's growth and success. I want to thank our talented team for their commitment and Justinas for his leadership. I am excited to see the company continue to thrive and innovate in the years to come."
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ArtΕ«ras Mizeras, Development Director of Baltic Classifieds Group, said:
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"I am delighted and grateful for the opportunity to serve as the new Chief Operating Officer. It's a privilege to be part of such a talented and dedicated team. I want to thank Simonas for his leadership and wish him the very best."
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Simonas will remain with the Company for up to six months to ensure a smooth and orderly transition. Simonas will not stand for re-election at the next Company's Annual General Meeting in September 2026. He will not receive further awards under the Company's Performance Share Plan. Awards vesting during his remaining employment period will be paid as per the terms of those awards, with all other outstanding awards lapsing. There will be no payments of salary or any additional compensation payable post-employment other than as might be required under Lithuanian employment law.
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This announcement is made pursuant to Listing Rules 6.4.6R. It also contains information that qualifies or may qualify as inside information within the meaning of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018.
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Enquiries:
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Company Secretary: E-mail: cosec@balticclassifieds.com
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About Baltic Classifieds Group PLC
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Baltic Classifieds Group PLC ("BCG") is the leading online classifieds group in the Baltics, which owns and operates fourteen leading vertical and generalist online classifieds portals in Lithuania, Estonia and Latvia. BCG's online classifieds portfolio comprises four business lines - auto, real estate, jobs & services and generalist. The Group listed on the London Stock Exchange in July 2021 and is a member of the FTSE 250 Index.
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For more information, please visit https://balticclassifieds.com/
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Baltic Classifieds Group PLC LEI: 213800I1RPHCFSSQS969
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