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Eimskip – Market making agreement with Arion
Globenewswire· 2026-03-05 09:25
Core Viewpoint - Eimskipafélag Íslands hf. has established a market-making agreement with Arion Bank to enhance liquidity and price formation for its shares on Nasdaq Iceland [1] Group 1: Agreement Details - Arion Bank will provide daily bid and ask offers for a minimum of 30,000 shares of Eimskipafélag Íslands hf. [2] - The bid-ask spread for 28,500 shares will aim for a spread close to 1.5%, not lower than 1.45%, while the spread for 1,500 shares will not exceed 1.50% [2] - Arion Bank can offer narrower spreads under certain conditions as per the Nasdaq Iceland tick-size table [2] Group 2: Trading Conditions - If Arion Bank trades 240,000 shares or more in a single day, the maximum bid-ask spread obligations will not apply for the rest of that day [3] - In cases where the share price moves more than 5% during the trading day, Arion Bank can double the specified spreads, and if the movement exceeds 10%, the spreads can be tripled [3] Group 3: Agreement Duration - The market-making agreement is effective from March 5, 2026, and is open-ended, allowing either party to terminate it with 14 days' notice [4]
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]