Agroland benefits from the Issuer Market Maker services provided by BRK Financial Group

2/15/2022

Agroland Business System (AG), the company that operates the largest network of agricultural stores in Romania, benefits as of today, February 15, from the Issuer's Market Maker (IMM) services provided by BRK Financial Group (BRK). Agroland went public on the AeRO market on the 1st of March 2021, almost a year ago. The company has a market capitalization of RON 186mn (EUR 37,6mn).  

‘Since Agroland floated on the AeRO market almost a year ago, our target was to develop the business at an accelerated pace with the support pf the capital market. During this period, we have continued to invest in our business lines. We have also completed a share capital increase operation, and I want to thank the investors and shareholders for trusting our development strategy once again. We want to continue to be an attractive issuer for existing shareholders and potential new investors, and one of our main objectives is to increase the liquidity of AG shares. I am confident that the partnership we are launching today with BRK Financial Group to implement the Market Making program will bring us closer to this goal’, stated Horia Cardos, founder and CEO of Agroland Business System.

AG share is the 16th financial instrument listed on BVB for which BRK Financial Group offers the Issuer's Market Maker services. The total number of financial instruments listed on BVB, on both markets, which benefit from the Issuer's Market Maker services thus reaches 21, out of which 20 shares and one bond issue. The specific parameters applicable to the Issuer's Market Maker activity performed by BRK for AG shares are available HERE.

‘We congratulate Agroland Business System for accessing the market making service of the issuer we are offering, and we aim to make the results of this partnership as visible as possible in the shortest time possible, to improve liquidity from all angles (traded volume, number of transactions, market depth and trading spread). We will display buy and sell quotes with a minimum of 13,000 shares at an average spread of 3%’, said Monica Ivan, BRK Financial Group CEO.

The IMM is the participant in BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument, based on a contract concluded with the issuer of the financial instruments, as well as with BVB. Further information regarding the general framework for the IMM Program can be found HERE