SPRIDER STORES announced that the company's Board of Directors in its 31/05/2007 session approved the renewal of the contract with MERIT SECURITIES, a member of the Athens Exchange, as the company's Market Maker. Thus, MERIT SECURITIES will continue being SPRIDER STORES' Market Maker as of the 05/06/2007 Athens Exchange trading session, 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 ASE 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.