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LHV Pank To Become a Liquidity Provider For Shares of Olainfarm
Oct. 03, 2016 01:27AM PST
Life Science Investing
LHV Pank as a liquidity provider for shares of Olainfarm has obliged to maintain both, bid and ask positions, in a certain volume with the certain spread during the trading session.
LHV Pank as a liquidity provider for shares of Olainfarm has obliged to maintain both, bid and ask positions, in a certain volume with the certain spread during the trading session. LHV Pank will maintain bid and ask positions for maximum of 15 000 euros per day with the maximum spread of 2.5%. Value of either bid or ask position will not be less than 3000 euros. Investors and existing shareholders of AS Olainfarm will therefore be given opportunity to sell or buy smaller amounts of shares with less impact on a price of share. It is expected that involving the second liquidity provider will further improve liquidity of shares of AS Olainfarm.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are AS LHV Pank and AS LHV Varahaldus. LHV employs over 250 people and over 100,000 customers use LHV’s banking services. Pension funds managed by LHV have over 170,000 customers.
JSC Olainfarm is one of the biggest pharmaceutical companies in Latvia with more than 40 years of experience in production of medication and chemical and pharmaceutical products. A basic principle of company’s operations is to produce reliable and effective top quality products for Latvia and the rest of the world. Products made by the Group are being exported to more than 35 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.
Information prepared by:
Salvis Lapins
JSC Olainfarm
Member of the Management Board
Rupnicu iela 5, Olaine, Latvia, LV 2114
Phone: +371 6 7013 717
Fax: +371 6 7013 777
E-mail: Salvis.Lapins@olainfarm.lv