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Teymi - Market making agreement with Glitnir banki hf.   20.3.2007 14:29:53
News categories: Corporate news      Íslenska  English
Teymi hf

Teymi hf. has entered an agreement with Glitnir banki hf. on market making for issued shares in the company in the Iceland Stock Exchange.  The agreement enters into force on 20 March 2007.  The purpose of the agreement is to strengthen liquidity of the shares of the company on the Iceland Stock Exchange.


Glitnir banki hf. undertakes to submit daily bids and asks for shares in Teymi hf. (TEYMI) for a minimum of 500,000 shares at a price determined by Glitnir banki hf.  The maximum bid/ask spread may not exceed 1% and the difference from the last price paid may not exceed 3% .  Glitnir banki hf. is obliged to provide liquidity for up to market price ISK 50,000,000.