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2010-02-12 16:43:44 CET 2010-02-12 16:44:33 CET REGULATED INFORMATION Føroya Banki P/F - Company AnnouncementMarket Making in Føroya Banki sharesAnnouncement no. 6/2010 Today, Føroya Banki signed a market-making agreement with Danske Bank. Danske Bank will, for its own account, act as market maker for Føroya Banki's shares on the NASDAQ OMX Exchange in Copenhagen, as specified in a market-making agreement. Danske Bank will submit daily bid/ask offers valid within the day for Føroya Banki shares before the market opens. The purpose of this agreement is to improve liquidity in the Company's shares on the NASDAQ OMX exchange in Copenhagen in order to facilitate the development of a market price and to encourage effective and transparent price formation. The terms of the market making agreement are as follows: • Danske Bank will submit daily bid and ask quotes for shares in Føroya Banki for a minimum of 300 shares at a price determined by Danske Bank • Maximum bid/ask spread shall not exceed 2.0% • The agreement is effective as of 15 February 2010 • The agreement can be terminated by Danske Bank or Føroya Banki with one month notice to the end of a month, however, Danske Bank is entitled to terminate the agreement without notice in the event of substantial changes in social, economical, financial or political conditions The market making agreement with Saga Capital published on 29 August 2008 is hereby cancelled. Further information, please contact: Janus Petersen, CEO of Føroya Banki, tel. (+298) 330 340 Johnny í Grótinum, Head of IR, phone (+298) 230 380 |
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