Riga, 2014-02-19 15:17 CET (GLOBE NEWSWIRE) -- JSC "Baltic Telekom" had appointed UAB FMĮ "Orion Securities" as trading liquidity provider and market maker following its recent listing on the NASDAQ Baltic First North. Market making activity is intended to increase the liquidity and facilitate trading of shares. Orion Securities will start market making activities on 24th of February, 2014.
Orion Securities, in the capacity of market maker has committed itself to maintain the offer on the buy and sell side during 85% of trading hours. Orion Securities will maintain the demand and supply for Baltic Telekom shares at minimum order size of EUR 1000 until total daily deal value reaches EUR 5000 with a maximum spread between the demand and supply price of 4%.
Alius Jakubėlis from Orion Securities said: "We are pleased to be appointed as liquidity provider for the company who has significant shareholding in the leading broadband wireless provider in Latvia. Investors seeking exposure to the telecommunications sector in the Baltics have few choices and Baltic Telekom could provide this opportunity."
Gene Zolotarev, CEO of Baltic Telekom had commented: "We had always felt that transparent market opportunities are welcome in the Baltic securities market - giving all interested investors a chance to invest in this growing segment".
About Orion Securities
Orion Securities Group is the largest non-banking financial group in Lithuania, providing intermediation services in selling securities as well as corporate finance, private banking, and financial management services to both private individuals and legal entities.
About Baltic Telekom, AS
Baltic Telekom, AS operates as a holding company, which owns 63 659 shares of Telekom Baltija, AS constituting 19.5% of Telekom Baltija, AS share capital. Telekom Baltija, AS for already 13 years is operating in the telecommunication market under a brand “Triatel”.
Contacts:
Adress: Rūpniecības iela 1-5, Riga, LV-1010
Phone: +371 67783611
Contact person:
Ludmila Nikitina
Business development manager
Phone: +371 67783611
E-mail: mila.nikitina@baltictelekom.lv
Certified consultant:
Ģirts Apsītis
Chairman of the Management Board
"Ardente" Ltd.
Phone: +371 29466577
e-mail: ardente@ardente.lv