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Spar Finland signs Liquidity Providing Agreement with Nordea Bank Finland Plc.

NORDIC BUSINESS REPORT-26 October 2004-Spar Finland signs Liquidity Providing Agreement with Nordea Bank Finland Plc(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish wholesale supplier of Spar-branded food retail stores Spar Finland Plc, a subsidiary of the Swedish food retailing company Axfood AB, said on Tuesday (26 October) that it had entered into a Liquidity Providing Agreement with Nordea Bank Finland Plc.

Under the agreement Nordea Bank Finland undertakes to quote bid and offer prices for Spar Finland's Series A and K shares covering a maximum bid-ask spread of 4% calculated from the bid price.

The quoted prices would cover a minimum volume of 200 shares in four round lots, Spar said.

Nordea Bank Finland further undertakes to quote the said bid and offer prices for Spar Finland's shares during at least 85% of continuous trading on each trading day of the HEX Helsinki Exchanges.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUFI
Date:Oct 26, 2004
Words:159
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