The market making agreement for Innofactor Plc’s share is transferred from FIM to S-Pankki
29.02.2016 00:00
Innofactor Plc Stock Exchange Release February 29, 2016 at 10:15 Finnish time
FIM Bank Ltd has been acting as the liquidity provider for Innofactor Plc’s shares. Now FIM transfers the liquidity providing operations within the group to S-Pankki on March 1st, 2016.
Innofactor has signed a market making agreement from March 1st, 2016 onwards with S-Pankki with the same terms as in the old agreement with FIM that ends on February 29th, 2016. According to the agreement FIM Bank Ltd will quote bids and offers for Innofactor Plc's share so that the spread of the bid and offer prices is a maximum of 4 percent calculated on the bid price. The bids and offers quoted by the liquidity provider must be for an amount of shares corresponding to 4000 euros.
S-Pankki shall quote bids and offers for Innofactor Plc's share in the trading system of NASDAQ OMX Helsinki on each trading day for at least 85 percent of the Continuous Trading period and in the auction procedures applicable to the share. The notice period for the agreement is one month.
Espoo, February 29, 2016
INNOFACTOR PLC
Janne Martola, CFO, Deputy CEO
Additional information:
Janne Martola, CFO, Deputy CEO
Innofactor Plc
Tel: +358 50 359 0844
Distribution:
NASDAQ OMX Helsinki
Main media
www.innofactor.com
Innofactor
Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. The focus area in Innofactor’s own product development is Microsoft’s cloud solutions. Innofactor's customers include over 1,000 private and public sector organizations in Finland, Sweden, Denmark and elsewhere in Europe. The company has over 500 motivated and skilled employees in a number of locations in Finland, Sweden and Denmark. In 2010-2014, the annual growth of Innofactor’s net sales has been approximately 45%. Microsoft named Innofactor Plc as the Finnish Partner of the Year in 2015. Innofactor was also selected into the Microsoft’s international finals in two categories. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy. www.innofactor.com