Eimskipafélag Íslands hf.
Eimskip: New Market Making Agreements

Eimskipafélag Íslands hf. 

14.05.2014 20:47

Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Eimskipafelag Islands hf. has entered into new agreement with Landsbankinn hf.
and renewed agreements with Íslandsbanki hf. and Straumur Investment Bank hf.
whereas the banks undertake to act as market makers for the company's shares
listed on NASDAQ OMX ICELAND. 

The main terms of the agreements are as follows:

Minimum amounts of bid and ask offer quotes of each market maker shall be
50,000 shares on price decided by each market maker, maximum deviation from
last price paid shall not exceed 3%. Maximum bid-ask spreads shall be 1.5%.
Maximum time to place new orders in succession to prior orders getting filled
is 10 minutes. Each market maker obliged maximum amount of total trading per
day is 400,000 shares. 

New agreements will take effect on 15 May 2014. The agreements are valid for an
indefinite period but can be terminated with one month's notice.  At the same
time previous agreements will expire.
News Source: NASDAQ OMX



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Language:     English
Company:      Eimskipafélag Íslands hf.
              
               
              Iceland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         IS0000019800
WKN:          
 
End of Announcement                             DGAP News-Service
 
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