LAROX CORPORATION COMPANY ACCOUNCEMENT 30.10.2008 AT 12 am
Larox signs LP market making agreement with Nordea Bank Finland Plc
Larox Corporation and Nordea Bank Finland Plc have concluded a market
making agreement, which fulfils the requirements of NASDAQ OMX Helsinki
Ltd. Liquidity Providing (LP) operation. The market making agreement aims
at e.g. increasing the share's liquidity, decreasing the share price volatility
and facilitating private investors' trading.
According to the agreement, Nordea Bank Finland Plc will provide Larox
Corporation's share with bids and offers so that the maximum difference
between a bid and offer price is 3% of the bid. Bids or offers include at
least 1000 shares, however at the minimum a number of shares, the value of which
corresponds to 4000 euros.
Nordea Bank Finland Plc undertakes to submit bids and offers for Larox
Corporation in the trading system of the NASDAQ OMX Helsinki Ltd. main list on
each trading day for at least 85% of the time of continuous trading and in the
NASDAQ OMX Helsinki Ltd. opening and closing auction procedures applicable to
Larox
Corporation.
The market making operation will commence on 3 November 2008. After the 6-month
term, the market making agreement is valid for the time being and the term of
notice of the agreement is one month.
Jori Halkola
Chief Financial Officer
Tel +358 (0)207 687 228, +358 40 516 7690
www.larox.com
Distribution NASDAQ OMX Helsinki Ltd., Central media
Larox develops, designs and manufactures industrial filters and is a leading
technology company in its field. Larox is a full service solution provider
in filtration for separating solids from liquids. It supplies comprehensive
aftermarket services throughout the lifespan of the Larox solution. Companies
world-wide in mining and metallurgy, chemical processing and related industries
benefit from the Larox technologies. Larox operates in over 40 countries and
has over 460 employees. Larox Group is headquartered in Lappeenranta, Finland
where the Group also has production facilities. Net sales in 2007 totaled
158.3 million euros, of which more than 95 % were generated by exports and
the company's foreign operations.