Arco Vara AS concluded a market making agreement with AS LHV Pank (hereinafter “Agreement”). The Agreement will enter into force on 1 September, 2016 and the main terms of the agreement are the following:
· term of the Agreement – 1 year, i.e until 31.08.2017
· maximum spread – maximum spread between bid and ask order is 4% calculated from the bid price
· trading period - LHV shall ensure 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 at Main List of Nasdaq Tallinn Stock Exchange
· minimum daily order size - The minimum volume of buy or sell orders shall be EUR 2000
· maximum volume - The maximum monetary volume of the transactions executed by LHV under this Agreement per each trading day at Nasdaq Tallinn shall be EUR 10 000.
Evelin Kanter
Head of Legal Department
Arco Vara AS
Tel: +372 614 4594
evelin.kanter@arcovara.ee
http://www.arcorealestate.com