REN - Redes Energéticas Nacionais received the Grand Prix for Best Overall Investor Relations award in the small cap category at the IR Magazine Awards - Europe. REN was also on the short-list for the Best Use of Multimedia for IR category, for the REN app for investors and media.
This prize recognises the transparency and exactitude that guide REN's policy on market communications, particularly with its investors and analysts. The IR Magazine Awards, launched in 1991, are awarded in recognition of excellence in investor relations across the world.
There are two categories: Research and Judge. Companies are not able to submit entries in the 'Research' category, the one in which REN competed. This fact enhances the importance of this award as it is a sign of the value investors and analysts attribute to the company's work. It is the combination of all their opinions that led to REN being named the company with Best Investor Relations in Europe.
Gonçalo Morais Soares, REN's chief financial officer, said 'This award is recognition of the excellent work carried out by REN, particularly Ana Fernandes's team, with its investors. We work every day to keep them fully informed about the company and its strategic decisions. The proof of this was the launch of our app this year, which was specifically designed with our investors and the media in mind, and which has already won the Gold Award at this year's Questar Awards.'