Martela Oyj and Lago Kapital sign liquidity supporting agreement
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Martela Oyj and Lago Kapital sign liquidity supporting agreement 29 November 2018Finland Reporter: Becky Butcher
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Martela Oyj and Lago Kapital have signed a liquidity supporting agreement, effective 3 December.
As part of the agreement, Lago Kapital will quote bids and offers for Matela Oyj’s share. The bid and offer prices are a maximum of 5 percent calculated on the bid price.
The bids and offers quoted by the liquidity provider must be at least €2,000 worth of shares.
Lago Kapital will quote bids and offers for Martela Oyj's share in the trading system of NASDAQ Helsinki Finland on each trading day for at least 85 percent of the continuous trading period and in the auction procedures applicable to the share.
The liquidity support programme is to increase Martela Oyj’s shares liquidity and to decrease the price volatility of the share. Martela said that the programme will help especially trading of small investors.
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