According to the agreement, Lago Kapital Ltd will quote bids and offers for Toivo Group Plc’s share in such a way that the spread of the bid and offer prices is a maximum of 4 per cent calculated on the bid price. The quotes on bid and offer must be at least EUR 1,500 worth of shares.
Lago Kapital Ltd shall quote bids and offers for Toivo Group Plc’s share in the trading system of Nasdaq Helsinki on each trading day for at least 85 per cent of the continuous trading period.
Liquidity providing in accordance with the agreement will commence on 10 August 2023. The agreement will be in force initially for a fixed term of three months and thereafter until further notice with a notice period of two months.
The intention is to promote liquidity in the share and decrease volatility thus facilitating trading especially for private investors.