BRK FINANCIAL GROUP SUPPORTS ONE UNITED PROPERTIES SHARES LIQUIDITY BY STARTING THE ISSUER MARKET MAKER ACTIVITY FROM AUGUST 11TH
- One month since its debut on the Main Market of Bucharest Stock Exchange (BVB), One United Properties will benefit from the Issuer's Market Maker (IMM) services provided by BRK Financial Group.
- Starting from August 11th, a total number of 14 financial listed instruments, 13 shares and one bond issue, benefit from the Issuer’s Market Maker program.
ONE United Properties (ONE), real estate developer of premium residential projects in Romania, went public on the Bucharest Stock Exchange on the 12th of July, following a primary initial public offering which attracted RON 260mn from the capital market investors, making it the third-largest Romanian entrepreneurial company listed on the Bucharest Stock Exchange (BVB).
One United Properties will benefit from the Market Maker services one month after its debut on the Main Market of the Bucharest Stock Exchange.
„We are glad that One United Properties can benefit so quickly from the Market Maker services of the issuer offered by BRK Financial Group. The collaboration between the two companies will help increase the liquidity of one of the largest issuers listed on the Bucharest Stock Exchange. We congratulate the two stakeholders for initiating this collaboration and we would like to see more such partnerships at the Bucharest Stock Exchange. Increasing market liquidity is one of our objectives because we want a strong, dynamic capital market that reflects the effervescence of the Romanian business environment, so we encourage the development of market making services to support the liquidity of shares listed on the Bucharest Stock Exchange”, stated Adrian Tanase, CEO of Bucharest Stock Exchange.
„One United Properties is today the largest real estate company listed on the Bucharest Stock Exchange. We are at a new beginning, and we are confident in the growth prospects, given the unaddressed demand for sustainable and quality products, the very good moment of the real estate sector, but also the favorable macroeconomic climate. In the first month, following our debut on the Bucharest Stock Exchange we registered the second-best liquidity among all listed companies and we want to prioritize the liquidity of our company's shares, which is why we decided to implement with BRK the Market Making program, which we believe that it will help us to further strengthen our position in the capital market”, stated Victor Capitanu, co-founder One United Properties.
„We congratulate One United Properties for its open attitude towards the capital market and towards the investors and we would like to thank them for choosing us as partners in the Issuer's Market Maker program. By including One United Properties in our client portfolio for which we provide the Issuer’s Market Maker program, we mark two important milestones: on the one hand, we exceed 10 billion lei the cumulative capitalization of clients for which we ensure liquidity support, and on the other hand, One United Properties becomes the client with the largest capitalization for which we provide this service. We calibrated a highly competitive listing package (the equivalent of at least € 60,000 in BID and € 60,000 in ASK) to a spread of approximately 1.5% and thus, we hope to contribute to a sustained liquidity of One United Properties shares. As we well know, liquidity is the main criteria for including and allocating shares, both in local and international indices, such as Emerging Markets indices, according to the classification of global index provider FTSE Russell and we hope to see soon One United Properties shares in both, the BVB indices and the FTSE Russell indices”, stated Monica Ivan, CEO, BRK Financial Group.
The total number of the financial instruments listed on Bucharest Stock Exchange that benefit from the Issuer’s Market Maker program increased to 14 (out of which 13 shares and one bond issue). The specific parameters applicable to the IMM activity provided by BRK Financial Group for One United Properties shares are available HERE.
The IMM is the participant in the 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.
ONE UNITED PROPERTIES is one of the main real estate developers of sustainable residential, office and mixed-use state-of-the-art projects in Romania. One United Properties is an innovative company dedicated to accelerating the adoption of practices for energy-efficient, healthy, and environmentally sustainable buildings. All the company's buildings are certified for durability, energy efficiency and wellness, and the developer is awarded at several galas and conferences in its field of activity. One United Properties is the first real estate developer in Romania to be awarded internationally with the "Best Sustainable Development" award in the world at the International Property Awards 2019-2020. The company is listed on the Main Market of the Bucharest Stock Exchange, with the ticker symbol ONE.