SPRIDER STORES announced that the Board of Directors of the company and of Athens Exchange (sessions of May 8, 2008 and May 22, 2008 respectively), approved the renewal of the contract with the member of the Athens Exchange, MERIT SECURITIES S.A., as the company's Market Maker.
Thus, MERIT SECURITIES will continue being SPRIDER STORES' Market Maker as of the Athens Exchange trading session of 05/06/2008, aiming at the enhancement of the stock's liquidity.
The signed Market Making agreement is ruled by the following basic clauses:
1.MERIT SECURITIES will forward in the ATHEX transactions' system, market making orders (meaning simultaneous bid and ask orders) on its own account for SPRIDER STORES' stocks. For this service MERIT SECURITIES will receive a fee from SPRIDER STORES.
2.The duration of the Market Making agreement is one (1) year.