Saga Capital market maker for Ossur
Friday 13. November 2009 10:08
Ossur hf. and Saga Capital Investment Bank hf. have signed a new market making agreement. According to the agreement, Saga Capital
acts as market maker on NASDAQ OMX Iceland for shares issued by Ossur.
This agreement is only in relation to the Company's listing in Iceland and replace the previous agreement between the companies from April 2008.
Saga Capital will submit daily bid and offer quotes for the shares in the NASDAQ OMX Iceland trading system. The amount of each bid and offer quote shall be a minimum of 20,000 shares at a price determined by Saga Capital at any given time. The maximum bid/offer spread shall not exceed 2.0% and the difference from the last price shall not exceed 3.5%. Saga Capital is obligated to provide liquidity for up to 100,000 shares each day.
The purpose of the agreement is to facilitate trading and provide liquidity in the Company's shares on NASDAQ OMX Iceland and to promote efficient and transparent price formation.
Saga Capital will submit daily bid and offer quotes for the shares in the NASDAQ OMX Iceland trading system. The amount of each bid and offer quote shall be a minimum of 20,000 shares at a price determined by Saga Capital at any given time. The maximum bid/offer spread shall not exceed 2.0% and the difference from the last price shall not exceed 3.5%. Saga Capital is obligated to provide liquidity for up to 100,000 shares each day.
The purpose of the agreement is to facilitate trading and provide liquidity in the Company's shares on NASDAQ OMX Iceland and to promote efficient and transparent price formation.