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OLF: Bank Finasta to Become a Market Maker for Olainfarm

Spekuliantai.lt | 2012-04-12 | NASDAQ OMX biržų naujienos | perskaitė: 875
Raktiniai žodžiai: Olainfarm, OLF
OLF: Bank Finasta to Become a Market Maker for Olainfarm

Olainfarm Company Announcement 12.04.2012

Bank Finasta to Become a Market Maker for Olainfarm

As of today, April 12, 2012, bank Finasta will become a liquidity provider for
JSC Olainfarm shares that are listed on NASDAQ OMX Baltic Main List. Olainfarm
is the only listed company in Latvia for which shares the market making is
provided.

Olaine, 2012-04-12 11:40 CEST (GLOBE NEWSWIRE) -- Bank Finasta, in the capacity
of market maker for Olainfarm, has committed itself to maintain a specified
price on the buy and sell side during trading hours. Finasta will maintain the
demand and supply for Olainfarm shares at total value of LVL 2000 with a
maximum spread between the demand and supply price of 4%. Consequently, the
company investors and shareholders will be able to buy or sell shares at small
quantities with less influence on the price.

“Supported by NASDAQ OMX and Finasta, we give extra assurance to our existing
and potential investors. This is one more step by Olainfarm towards high
quality investor relations. Both our present shareholders and potential
investors will benefit from the liquidity provided to our listed shares,”
believes Salvis Lapiņš, a JSC Olainfarm” Member of the Board.

Market making is a common practice to promote trading. Currently Orion
Securities and now also Finasta are liquidity providers in the Baltic market.
Now four Baltic listed companies have market makers: Olainfarm, City Service,
Grigiskes, Vilkyškiu pienine and market making is provided also for the OMX
Baltic Benchmark Fund units.

„Liquidity providing is not a common practice in the Baltic stock exchanges,
and this is why we see here an opportunity to promote this financial service.
Bank Finasta is actively expanding the range of services it is providing,
thereby trying to find the most appropriate financial service for each
individual client. Also, we are willing to make our contribution towards the
development of NASDAQ OMX Baltic securities market,” explains Andrej Cyba, a
Finasta Member of the Board, Director of Finance Markets division

„The fact that after the economic downturn both listed companies and stock
exchange members are starting to pay more attention to liquidity is an evidence
of market stability and positive sentiment in general. We hope that other
listed companies and stock exchange members will follow the example
demonstrated by Finasta and Olainfarm,” adds Daiga Auziņa-Melalksne, Head of
Exchange Services, NASDAQ OMX Baltic Market.

Already for several years Olainfarm has been working towards enhancing the
investor relations quality. At present Olainfarm is the only Latvian company
traded on NASDAQ OMX Baltic market that is publishing the current monthly sales
data, conducting investor webinars on a regular basis, and now also is the only
Latvian listed company to have a market maker.


About JSC Olainfarm

JSC Olainfarm is one of the largest companies in the Baltic States with 40
years of experience in production of medicinal and chemical pharmaceutical
products. The key principle of the Company is manufacturing of reliable and
effective high quality products for Latvia and the rest of world. Products of
JSC Olainfarm are exported to more than 30 countries, including the Baltic
States, Russia, other CIS countries, Scandinavian, Western European and Asian
countries, as well as North America and Australia.



About NASDAQ OMX Group

The inventor and transformer of the electronic exchange, The NASDAQ OMX Group,
Inc., fuels economies with revolutionary technologies for the entire lifecycle
of a trade - from risk management to trade to surveillance to clearing. In the
US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to traffic more
than 1 million messages per second at sub-80 microsecond speeds with 99.999%
uptime, our technology drives more than 70 exchanges in 50 developed and
emerging countries into the future, powering 1 in 10 of the world’s securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1
trillion in market cap whose innovations shape our world, we give the ideas of
tomorrow access to capital today. Welcome to where the world takes a big leap
forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit
www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and
Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P
500)



About Finasta bank

Finasta is the largest investment bank in the Baltic region by assets under
management and the number of private banking clients. Established in 2008 the
bank Finasta specialises in investment and private banking services. The bank
provides a package of investment, financial management and corporate finance
services to private and corporate clients and offers tailor-made corporate
lending solutions.

The bank has over 11,000 clients with their investment assets worth EUR 385
million. Finasta bank is one of the largest brokerage service providers in the
Baltic region.


More information:
Salvis Lapiņš
JSC „Olainfarm“ Management Board Member
mob. phone +37126448873
e-mail: [email protected]

Andrej Cyba
Bank Finasta
Member of the Board, Director of Finance Markets division
phone: +370 5 2361856
e-mail: [email protected]

NASDAQ OMX Baltic Market Services
phone: +371 67212431

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