Toivo Group Plc appoints Lago Kapital as liquidity provider
Toivo Group Plc, Company release, 10 August 2023 at 4:00 p.m.
Toivo Group Plc has entered into a Liquidity Providing (LP) agreement with Lago Kapital Ltd within the framework of Nasdaq First North Growth Market Finland rules for liquidity provision.
According to the agreement, Lago Kapital Ltd will quote bids and offers for Toivo Group Plc’s share in such a way that the spread of the bid and offer prices is a maximum of 4 per cent calculated on the bid price. The quotes on bid and offer must be at least EUR 1,500 worth of shares.
Lago Kapital Ltd shall quote bids and offers for Toivo Group Plc’s share in the trading system of Nasdaq Helsinki on each trading day for at least 85 per cent of the continuous trading period.
Liquidity providing in accordance with the agreement will commence on 10 August 2023. The agreement will be in force initially for a fixed term of three months and thereafter until further notice with a notice period of two months.
The intention is to promote liquidity in the share and decrease volatility thus facilitating trading especially for private investors.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 40 847 6206
[email protected]
Certified Adviser: Danske Bank A/S, Finland branch
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience in the real estate business.
Toivo’s revenue in 2022 was EUR 20.3 million and its operating profit was EUR 15.6 million.
