Loihde Plc appoints Lago Kapital as liquidity provider
12.12.2022 13:00:01 EET | Loihde Oyj | Company Announcement
Loihde Plc has entered into a Liquidity Providing (LP) agreement with Lago Kapital Ltd within the framework of Nasdaq First North Growth Market Finland rules for liquidity provision.
According to the agreement, Lago Kapital Ltd will quote bids and offers for Loihde Plc’s share in such a way that the spread of the bid and offer prices is a maximum of 4 per cent calculated on the bid price. The quotes on bid and offer must be at least EUR 1,500 worth of shares.
Lago Kapital Ltd shall quote bids and offers for Loihde Plc’s share in the trading system of Nasdaq Helsinki on each trading day for at least 85 per cent of the continuous trading period.
Liquidity providing in accordance with the agreement will commence on 15 December 2022. The agreement will be in force initially for a fixed term of six months and thereafter until further notice with a notice period of two months.
The intention is to promote liquidity in the share and decrease the share price volatility thus facilitating trading especially for private investors.
Further information:
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advisory, Loihde Analytics and Loihde Factor. The Group has approximately 880 employees and its revenue in 2021 amounted to EUR 108.1 million.