Market making agreement signed by Aktsiaselts Linda Nektar
Aktsiaselts Linda Nektar (“Linda Nektar”) has signed a market making agreement (the “Agreement”) with AS LHV Pank (“LHV”). The Agreement is concluded on analogous terms with the market agreement currently in force between Linda Nektar and LHV that expires on 31 December 2022. The Agreement will enter into force after the expiry of the previous agreement.
The key terms of the Agreement are the following:
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The term of the Agreement is until 31 December 2023 with automatic extension for another 12 months unless either party notifies of its wish to terminate the Agreement.
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The maximum spread between bid and ask orders shall be 10%, calculated from the bid price.
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LHV ensures that the buy and sell orders shall be placed in accordance with the terms and conditions of this Agreement at least within 85% of the time of trading hours of First North.
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The minimum volume of buy or sell orders is EUR 500.
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The maximum monetary volume of the transactions executed by LHV under the Agreement per each trading day at First North is EUR 2500 (i.e., five times the daily minimum order size). If this limit is reached, LHV shall be entitled to cancel all bid and ask orders placed for the remainder of that trading day.
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LHV is entitled to withdraw ask and bid orders or either of these if the market price of the share of Linda Nektar on First North fluctuates over 10% either way if compared to the closing price of the previous trading day on First North or the previous transaction executed by LHV in accordance with the Agreement.
More information:
Kadri Rauba
Aktsiaselts Linda Nektar
CEO
Address: Valga mnt 4, Kobela Borough, 66407 Võrumaa, Estonia
Phone: +372 785 5768
E-mail: info@lindanektar.ee
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