Skel fjárfestingafélag hf.: Market-Making Agreement

SKEL fjárfestingafélag hf. and Fossar fjárfestingarbanki hf. have entered into a market-making agreement for SKEL shares on the Nasdaq Iceland Main Market. The purpose of the agreement is to improve the liquidity of SKEL shares and support efficient and transparent price discovery.

Under the agreement, Fossar fjárfestingarbanki will submit daily bid and ask quotes for SKEL shares in the Exchange's trading system, both before market open and during trading hours. Each quote must have a minimum nominal value of ISK 300,000. The spread between bid and ask quotes shall be as close to 1.5% as possible and no lower than 1.45%. Fossar must ensure that a minimum nominal value of ISK 25,000 is maintained within the 1.5% spread at all times. If a quote is filled, Fossar must submit a new quote within 10 minutes. The daily maximum volume for Fossar as market maker is limited to transactions with a nominal value of ISK 1,500,000 per day.

The agreement takes effect on the date on which market-making officially commences and is open-ended. Either party may terminate the agreement in writing with 14 days' notice.

SKEL's market-making agreement with Landsbankinn, dated 11 December 2024, has been terminated. The notice period is 14 days.

For further information, please contact SKEL's CFO, Magnús Ingi Einarsson, at magnus@skel.is.