Helsinki, Finland, 2014-02-28 07:45 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 28 February, 2014 at 7:45 am CET
Munksjö Oyj signs a market making agreement for its share
Munksjö Oyj and Nordea Bank Finland Plc have signed a market making agreement that meets the requirements of market making operations by NASDAQ OMX Helsinki. The market making agreement aims at increasing the share's liquidity and decreasing the share price volatility thus facilitating trading for especially private investors.
According to the agreement, Nordea will provide Munksjö's share with bids and offers so that the maximum difference between the bid and offer prices is 4 % calculated from the bid quotation. The bids and offers quoted must be for at least 4,000 EUR worth of shares.
Nordea undertakes to submit bids and offers for Munksjö’s share in the trading system of NASDAQ OMX Helsinki on each trading day for at least 85 per cent of the time of trading hours as well as in the auction procedures applicable to the share during a trading day.
Market making in accordance with the agreement will commence on Monday, 3 March 2014. After a 6-month fixed term, the market making agreement is valid for an indefinite period with one month’s notice.
Munksjö Oyj
For further information, please contact:
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026
Munksjö – Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique product offering for a large number of industrial applications and consumer-driven products. Founded in 1862, Munksjö is among the leading producers in the world of high-value added papers within attractive market segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive backings and Interleaving paper for steel. Given Munksjö’s global presence and way of integrating with its customers’ operations, the company forms a global service organisation with approximately 3,000 employees. Production facilities are located in France, Sweden, Germany, Italy, Spain and China. Munksjö Oyj is listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.