Innofactor's market maker agreement ends

03.05.2017 08:55 EEST (UTC +3)

Innofactor Plc Stock Exchange Release May 3, 2017, at 8:55 Finnish time

 

S-Pankki Oy has acted as the market maker for Innofactor's shares. The current market maker agreement will end on May 31, 2017, when S-Pankki Oy will discontinue the said business operation. In its meeting on May 2, 2017, the Innofactor Board of Directors decided that a new market maker agreement will not be made for now, because the liquidity of Innofactor shares has improved significantly.

Innofactor has announced earlier that its share price formation involves a liquidity risk. The trading on Innofactor shares increased by 77.3% in 2016 and by 82.7% in the first quarter of 2017 in relation to the comparison period. As the share trading has increased, Innofactor considers that its shares no longer bear the previously determined liquidity risk and, therefore, a market maker agreement is no longer required to ensure normal share price development.

Espoo, May 3, 2017

INNOFACTOR PLC

Board of Directors

Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is a leading Nordic provider of digitalization and cloud solutions. Innofactor has Microsoft Ecosystem’s leading expertise and the most comprehensive offering in the Nordics. Innofactor has over 600 eager and motivated top professionals in Finland, Sweden, Denmark and Norway. Innofactor serves over 1,500 commercial, public, and third sector organizations. In 2012 to 2016, the annual growth of Innofactor’s net sales has been approximately 28%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Ltd. www.innofactor.com