Marel hf. and Landsbankinn hf. have entered into a revised market-making agreement with for the company's issued shares.
The purpose of market making is to facilitate trading in the company's shares on the Nasdaq OMX Nordic Exchange Iceland (the Exchange).
Landsbankinn is committed to making daily bid and ask offers on the Exchange for shares in Marel hf. (MARL) for a minimum of ISK 200,000 at nominal value at a price which Landsbankinn determines in every instance. The maximum bid-ask spread shall not exceed 1.5% and the deviation from the last transaction price shall not exceed 3%. The maximum aggregated market value of total trades which Landsbankinn is committed to buy or sell each day is ISK 150,000,000.
The agreement, which is valid for an undefinite period, is effective as of 15th March 2012 and is terminable with one month notice. As an effect, the current market-making agreement between the partieswill be terminated at the same time.