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Festi hf.: Renewal of market making agreement with Arion Banki hf.
Globenewswire· 2026-01-22 17:43
Group 1 - Festi has entered into a new market making agreement with Arion Banki to promote trading in its shares listed on Nasdaq Iceland [1] - The new agreement replaces a previous one announced on 29 June 2023 [1] - The purpose of the market making arrangement is to support market price formation and ensure efficient and transparent price discovery [1] Group 2 - Under the agreement, Arion Banki will submit bid and offer quotes for a minimum of 100,000 shares each trading day [2] - The bid-ask spread for 90,000 shares will aim for a spread close to 1.5%, not lower than 1.45%, while the spread for 10,000 shares will not exceed 1.50% [2] - Arion Banki may submit quotes with a narrower spread under special circumstances [2] Group 3 - If Arion Banki trades shares with an aggregate market value of ISK 80,000,000 on the same trading day, the maximum bid-ask spread obligations will not apply [3] - The bank is allowed to double the spreads if the price change exceeds 5% and triple them if the price change exceeds 10% during a trading day [3] Group 4 - The agreement is for an indefinite term and takes effect on 26 January 2026, with a termination notice period of 14 days [4]
Market making for RIKS 29 0917 begins
Globenewswire· 2025-07-07 15:31
Group 1 - The market making for RIKS 29 0917 will commence on July 9, 2025, following the switch auction held on July 4, 2025 [1] - Primary dealers are required to submit bids and offers for a minimum nominal value of 100 million kr. in the series [1] - Repo facilities for each primary dealer will be set at 2 billion kr. nominal value starting from the same date [1]