eQ Pankki terminates market liquidity contract on Alma Media shares

Alma Media Corporation   Stock Exchange Release   22 October 2009 at 12:05

 

EQ PANKKI TERMINATES MARKET LIQUIDITY CONTRACT ON ALMA MEDIA SHARES

 

Alma Media has received a notification from eQ Pankki Oy to the effect that eQ Pankki terminates the Liquidity Providing contract between Alma Media and eQ Pankki. According to the notification, the contract will be terminated in connection with the decision of eQ Pankki’s new owner, Nordnet, to discontinue the provision of LP contracts as a line of business.

 

Under the contract between Alma Media and eQ Pankki, eQ Pankki guarantees bid and ask prices for Alma Media shares with a maximum spread of 3%. The contract has been in effect since 2005 with a notice period of one month. Alma Media will consider the need to continue a Liquidity Providing contract with another partner separately.

 

Alma Media Corporation
Rauno Heinonen
Vice President, Corporate Communications & IR

 

 

Alma  Media in brief

 

Alma Media is a profitable and internationally expanding company that invests in the future of newspapers and online media. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

Net sales in 2008 totalled EUR 341 million and the operating margin was over 14%. The company’s share is listed in the Mid Cap segment of the NASDAQ OMX Helsinki. Please visit www.almamedia.com for further information.