Aspo Plc and Kaupthing Bank Sverige AB have concluded a market
making agreement, which fulfils the requirements of Helsinki
Exchanges' Liquidity Providing (LP) operation.
The daily trade of Aspo Plc's share was on an average slightly over 6,000 shares in 2003. The market making agreement aims at facilitating e.g. private investors' trading, increasing the share's liquidity and decreasing the share price volatility.
According to the agreement, Kaupthing Bank Sverige AB will provide Aspo Plc's share with bids and offers so that the maximum difference between a bid and offer price is 3% of the bid. Bids or offers include at least 200 shares, which equals 4 round lots.
Kaupthing Bank Sverige AB undertakes to submit bids and offers for
Aspo Plc in the trading system of the Helsinki Stock Exchange's main list on each trading day for at least 85% of the time of continuous trading I and in the Exchange's opening and closing auction procedures applicable to Aspo Plc.
The market making operation will commence on 20 July 2004. After the 6-month term, the market making agreement is valid for the time being and the term of notice of the agreement is one month. Regardless of what has been said above, Kaupthing Bank Sverige AB is entitled to transfer the rights and obligations arising from this agreement to any other company belonging to the same group with Kaupthing Bank Sverige AB subject to one month's notice.
ASPO Plc
Dick Blomqvist
CFO
+358 9 7595 300, +358 40 7595 300
KAUPTHING BANK SVERIGE AB (publ)
Bo Söder
Deputy Managing Director
Distribution:
Helsinki Stock Exchange
The Media
www.aspo.fi