Apetit Plc’s market making agreement to be transferred from FIM to S-Bank
Apetit Plc, stock exchange release, 29 February 2016, 5.00 p.m.
Apetit Plc’s market making agreement will be transferred from FIM to S-Bank. FIM Investment Services Ltd has been the liquidity provider for Apetit’s shares. FIM will transfer these operations, as an internal transfer of business, to S-Bank on 1 March 2016.
Apetit Plc has concluded a market making agreement with S-Bank, which will enter into force on 1 March 2016. This agreement contains the same terms and conditions as the market making agreement concluded with FIM that will end on 29 February 2016. The purpose of the agreement is to ensure the liquidity of Apetit’s shares and to narrow the spread between buy and sell quotations. According to the agreement, S-Bank undertakes to issue buy and sell quotations for Apetit shares on a continuous basis on its own behalf during NASDAQ OMX Helsinki’s normal trading hours.
The minimum requirements for S-Bank’s price quotes are defined in NASDAQ OMX Helsinki’s liquidity provider guidelines. According to the current guidelines, S-Bank undertakes to quote prices for at least 85% of the continuous trading time and in the auction procedures applied to the securities during the trading day. The minimum number of shares in binding buy and sell quotations is 500 or the amount of shares involved in a trading value of at least EUR 4,000. The maximum spread of buy and sell quotations can be 3%, calculated using the buy quotation.
Eero Kinnunen
Chief Financial Officer
Additional information from:
Jaakko Happo, Head of Finance and Risk Management, tel. +358 10 4022444
Copies to:
NASDAQ OMX Helsinki Ltd
Main media
www.apetitgroup.fi
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