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Ossur Hf (ICE:OSSR) New Kaupthing hf. has taken over the responsibilities of the agreement between Ossur hf. and Kaupthing bank hf. concerning market-making for the Company's issued shares.
Under the agreement, New Kaupthing undertakes to submit a daily buy and sell offer for a minimum of 100,000 shares in Ossur (OSSR) on the OMX Iceland Stock Exchange at a price to be determined by New Kaupthing at each time. The maximum spread of buy and sell offers is not to exceed 1.5% and deviations from the last trading price must not exceed 3%. The maximum daily amount of total trading which the bank undertakes to hold or sell is ISK 100,000,000, market value.
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