Correction: Wrong headline in prewious announcement. ICEQ (Exchange traded fund) has entered a market-making agreement with Kaupthing Bank for the fund issued shares for own account. The purpose of market making is to facilitate trading in the funds shares on the OMX Nordic Exchange in Iceland. Kaupthing Bank hf. is committed to make daily bid and ask offers on the OMX Nordic Exchange in Iceland in ICEQ (ICEQ) for a minimum of ISK 75.000.000 at market value at a price which Kaupthing Bank hf. determines at all times. Kaupthing bank hf. will endeavour to keep the spread between bids and the redemption value of ICEQ (ENAV15 index) as small as possible. The bid/offer spread may not be more than 130% of the weighted average spread of underlying companies forming the OMX Iceland-15 cap index. Kaupthing bank hf. also undertakes to renew bids in ICEQ within three minutes if outstanding bids are accepted. The maximum total trades per day that Kaupthing Bank hf. is committed to buy or sell is ISK 500,000,000 at market value. For further information, please contact: Sigþór Jónsson, +354-444-6954 sigthor.jonsson@kaupthing.com Einar Pálmi Sigmundsson , +354-444-7331 einar.sigmundsson@kaupthing.com
- Correction: ICEQ - New market making agreement with Kaupthing Bank - Published: 2008-01-03 11:11:47 CET
| Source: Stefnir hf.