Relais Group Plc appoints Lago Kapital as liquidity provider
Relais Group Plc Stock Exchange Release 8 May 2024 at 9:15 a.m. EEST
Relais Group Plc has entered into a Liquidity Providing (LP) agreement with Lago Kapital Ltd within the framework of Nasdaq Helsinki rules for liquidity provision.
According to the agreement, Lago Kapital Ltd will quote bids and offers for Relais 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 3,000 worth of shares.
Lago Kapital Ltd shall quote bids and offers for Relais Group Plc’s share in the trading system of Nasdaq Helsinki on each trading day for at least eighty-five (85) per cent of the continuous trading period.
Liquidity providing in accordance with the agreement will commence on 9.5.2024. The agreement will be in force initially for a fixed term of three months and thereafter until further notice with a notice period of one month.
The intention is to promote liquidity in the share and decrease the share price volatility thus facilitating trading especially for private investors.
Helsinki, 8 May 2024
RELAIS GROUP PLC
BOARD OF DIRECTORS
Further information:
CEO Arni Ekholm
Telephone: +358 40 760 3323
Email: arni.ekholm@relais.fi
CFO Thomas Ekström
Telephone: +358 50 381 9751
Email: thomas.ekstrom@relais.fi
Distribution
Nasdaq Helsinki Ltd
Main media
www.relais.fi
Relais Group
Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2023 was EUR 284.3 (2022: 260.7) million. During 2023, we completed a total of four acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.