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Tuesday, September 29, 2020 
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BRK Financial Group will act as Issuer Market Maker for Romcarbon to enhance the liquidity of the plastic processor shares

9/1/2020

Romcarbon SA Buzau (ROCE) will benefit as of September 1st from the issuer’s market-making services provided by SSIF BRK Financial Group (BRK), one of the most active brokerage companies trading on the Bucharest Stock Exchange (BVB) and Issuer’s Market Maker (IMM) for other three BVB listed companies.

"We wish to have as many companies as possible to benefit from such programs that the capital market offers. We all want as higher market liquidity as possible, because liquidity and the number of investors are two vital components of any market. We were glad to hear that Romcarbon decided to access the Issuer's Market Maker service, especially since it was one of the first companies listed on BVB, in 1997, and this proves that the management is focused not only on the company's operational activity, but also on investors, because they have a very important role in the life of any listed company", stated Radu Hanga, Chairman of the Board, Bucharest Stock Exchange.

”With over 65 years of experience in plastics processing and almost a decade in the treatment and recycling of plastic waste, Romcarbon S.A. is an important presence in the green industry in Romania, the company constantly investing in technologies that integrate and close the waste recycling circle. The company has been, in the recent years, through the change of the management team and  the new management team, apart from improving company’s business, also set the target to improve the liquidity and reduce the volatility of ROCE share in order to create the value for the shareholders. The cooperation with SSIF BRK Financial Group SA (BRK) for the Market Making program is one of the important measures to reach this goal”, said Huang Liang Neng, Chairman of the Board and CEO, Romcarbon.

The Issuer's Market Maker activity will be provided by BRK Financial Group based on a contract signed with Romcarbon, one of the major plastic packages producers (Polystyrene, Polypropylene, Polyethylene) in Romania and the most important Romanian producer of regenerated polymers and compounds.

"The previous results in the market making operations, materialized in a visible increase in the liquidity of the shares of issuers who used this service, give us hope that in this case we will bring a considerable contribution to improve the liquidity of Romcarbon shares, in line with the objective and our customer's expectations. Starting with September 1st, we will list a volume of minimum 200,000 shares BID - ASK at a spread of maximum 3%", said Monica Ivan, CEO, BRK Financial Group.

“We are happy to see Romcarbon’s interest in ensuring a better liquidity of the company's shares, which is one of the most important factors in evaluating a company in terms of share prices. Romcarbon is one of the companies in the BetPlus index, and an improved liquidity is always a plus and attracts the attention of a larger number of investors. We would like more and more issuers to follow the example of Romcarbon and other companies that benefit from market making services and to use this opportunity offered by the Issuer's Market Maker program, launched by BVB a year ago. BRK Financial Group has been very active in this program since the beginning of this program and will now operate as the Issuer's Market Maker for four companies listed on BVB", said Adrian Tanase, CEO, Bucharest Stock Exchange.

Romcarbon was one of the first companies listed on BVB, in 1997, and its shares are included in the BetPlus index.

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 respective financial instruments, as well as with BVB.

The specific parameters that apply to the IMM activity provided by BRK Financial Group for Romcarbon shares are available here.

Further information regarding the general framework for the IMM Program can be found here.  

 

 

About Romcarbon Group
Having 65 years of experience, Romcarbon is one of the major plastic packages producers (Polystyrene, Polypropylene, Polyethylene) in Romania and the most important Romanian producer of regenerated polymers & compounds.
Romcarbon Group consists of companies that produce: (i) plastic packaging products and other plastic profiles (Romcarbon SA and Livingjumbo Industry SA), (ii) regenerated polymers and compounds (Romcarbon SA), (iii) other productive activities (Romcarbon SA) and (iv) other activities such : plumbing, heating and air conditioning services and works (RC Energo Install SRL), business and business consulting services (Recyplat LTD), information technology services (InfoTech Solutions SRL) and others.
The main production companies of the Group are Romcarbon SA and Livingjumbo Industry SA, owning 73% and 15% of the total fixed assets.

 

About BRK Financial Group
BRK Financial Group was established as a joint-stock company on October 26, 1994, being one of the largest brokerage companies in Romania. Extensively experienced in the capital market, it is also the first and, up until now, the only financial investment company listed on the Bucharest Stock Exchange, in the premium category (ticker symbol: BRK). The core activity of BRK Financial Group is structured on two business directions, namely the intermediation segment and the trading segment. In the trading segment, the company operates the transactions on its own account, market-making operations, and structured product transactions, while on the intermediation segment, the company operates the customer transactions, respectively the corporate operations. The management deems future projects to be of importance, considering the triple stance of BRK: investment firm, intermediary and issuer. The high level of competence and experience at all corporate levels of our team allows the company to look confidently ahead into the future.