Business News
Punch Graphix signs liquidity contract with SNS Securities
Tuesday 09. September 2008 - As is required in accordance with the legal requirements, Punch Graphix nv today announced that it has signed a liquidity contract with Dutch securities broker SNS Securities nv (www.snssecurities.nl).
As from today SNS Securities nv will act as permanent liquidity provider to render brokerage services with respect to Punch Graphixs shares listed on Euronext Amsterdam by NYSE Euronext, whereby it will issue a continuous quote in the order book, in compliance with the applicable Euronext rules. Under the liquidity agreement the cumulated intraday long or short position held by SNS Securities nv is limited to 100,000 euros.
“This agreement is in the interest of our company and its shareholders. By engaging a dedicated liquidity provider to increase trading volume, negotiate the best prices and reduce bid/ask spreads, we believe we can further enhance shareholder value”, said Wim Deblauwe, CEO of Punch Graphix nv.