Armswissbank becomes market maker for Artsakh HPP Stocks

April 2, 2010 - 19:29 AMT

PanARMENIAN.Net - From April 3, 2010 Armswissbank will provide buy and sell prices for the stocks of Artsakh HydroPower Plant, listed on NASDAQ OMX Armenia since October 29, 2009 under ticker symbol AHEK.

As the press office of the RA stock exchange reported, a total of 5,962,074 common nominal stocks of the company with nominal value of AMD 1,000 are currently included in the B list of the stock exchange.

In its status of a market maker Armswissbank will ensure that investors will always be able to buy and sell the stocks of “Artsakh HPP” on NASDAQ OMX Armenia, thus promoting the liquidity of the securities in the secondary market.

Armswissbank has been a member of the stock exchange since September 14, 2007 and, apart from AHEK, is also the market maker for corporate bonds issued by “ArmRusGasprom” (HRGAB2), which is currently the only security on NASDAQ OMX Armenia Abond list.

Artsakh HPP was the first company to carry out an initial public offering (IPO) of stocks in the Armenian capital market. Currently, no other company listed or admitted to trading on NASDAQ OMX Armenia has a market maker for its stocks.

In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc. For more information on the NASDAQ OMX Group, Inc. visit www.nasdaqomx.com.

On January 27, 2009, Armenian Stock Exchange was officially renamed as NASDAQ OMX Armenia. On June 5, 2009, NASDAQ OMX Armenia became the owner of 100% of the shares of the Central Depository of Armenia.

NASDAQ OMX

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries.

In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc. For more information on the NASDAQ OMX Group, Inc.

On January 27, 2009, "Armenian Stock Exchange" ojsc was officially renamed as "NASDAQ OMX Armenia" ojsc. On June 5, 2009, "NASDAQ OMX Armenia" ojsc became the owner of 100% of the shares of the "Central Depository of Armenia" ojsc.