ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE March 29, 2005 at 1:00 PM 1(2)
ASPOCOMP GROUP OYJ SIGNS LP MARKET MAKING AGREEMENT WITH KAUPTHING BANK OYJ
Aspocomp Group Oyj and Kaupthing Bank Oyj have concluded a market making
agreement, which fulfills the requirements of Helsinki Stock Exchanges’
Liquidity Providing (LP) operation.
The daily trade of Aspocomp Group Oyj’s share was on an average approximately
slightly less than 30,000 shares in 2004. The market making agreement aims at
facilitating e.g. private investors’ trading, increasing the share’s
liquidity and decreasing the share price volatility.
The market making operation pursuant to the aforementioned agreement shall be
commenced on April 1, 2005. By virtue of the agreement, Kaupthing Bank Oyj
provides Aspocomp Group Oyj’s share with bids and offers so that the maximum
difference between a bid and offer price is 1.50% of the bid price. Bids or
offers include at least 500 shares, which equals 10 round lots.
Kaupthing Bank Oyj undertakes to submit bids and offers for Aspocomp Group
Oyj in the trading system of the Helsinki Stock Exchange’s main list on each
trading day for at least 85% of the time of continuous trading I and in the
Exchange’s opening and closing auction procedures applicable to Aspocomp
After the 6-month term, the market making agreement is valid for the time
being and the term of notice of the agreement is one month. Regardless of
what has been said above, Kaupthing Bank Oyj is entitled to transfer the
rights and obligations arising from this agreement to any other company
belonging to the same group of companies with Kaupthing Bank Oyj subject to
one month notice.
For further information, please contact CEO Maija-Liisa Friman,
tel. +358 9 7597 0711.
ASPOCOMP GROUP OYJ
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for
the electronics industry in close cooperation with its customers. We hold a
strong and recognised position as a supplier of mobile data terminal equipment
components and we aim to further strengthen our position as a supplier to the
automotive industry and data communications networks. We offer our global
customers a fast road to mass production through flexible and cost-effective
adaptation of new technologies, to which our balanced production structure in
Europe and Asia is well adapted.
We strive to offer solutions to our customers that enable increased flexibility
in their own product development. Our belief is that this advantage will bear
increasing significance for our customers as end product lifecycles continue to
The Aspocomp Group’s production facilities are located close to its customers in
Finland, China and Thailand. In 2004 Group turnover stood at around 200 million
euros with a staff of some 3,500.
The Helsinki Stock Exchange