Commencing 3 August 2009, DnB NOR Markets shall make binding bid and offer prices in the Copeinca share for at least 4 whole lots in the Oslo Stock Exchange electronic trading system on all trading days for at least 85% of the trading day, including the opening and the closing auctions. Price setting shall at all times reflect the market’s evaluation.
The difference between DnB NOR Markets’ bid and offer prices shall be a maximum of 4 percentage points, calculated by reference to the offer price set, unless DnB NOR Markets’ obligations under the agreement are temporarily suspended in accordance with the agreement.
The agreement is in accordance with the standard requirements of Oslo Stock Exchange.
As an addendum to the market making agreement, Copeinca has also agreed to lend 16,000 Copeinca shares to DnB NOR Markets for use in the market making. The shares will be provided by Mr Samuel Dyer Coriat, CEO of Copeinca ASA, at no cost to the Company.
About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The Company produces its fishmeal and fish oil from anchovy harvested off the coast of Peru, and most of its production is exported. Key countries for export are China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish and animal feed producers as well as refineries for omega-3 products. Copeinca ASA runs its operations out of Lima and has its own fleet. Copeinca ASA operates 6 plants located in strategic locations all around the Peruvian coast line. The company has around 2,000 part and full time employees.
