Raiffeisen Bank International will be TeraPlast’s second issuer market maker

Alexandru Stânean - CEO TeraPlast

Bistrița, February 26, 2024

  • The market making services will be provided by Raiffeisen Bank International and will come into effect on March 1, 2024. 
  • This is the second issuer market making agreement signed by TeraPlast. 

TeraPlast SA (TRP symbol) announces the signing of an issuer market making agreement with Raiffeisen Bank International AG (RBI). The services will be active starting 1st of March, 2024, with the main objective of increasing the liquidity of TRP securities, which will also attract enhanced visibility of the company both domestically and internationally.

The collaboration with RBI also includes a coverage component of the issuer (Sponsored Research), thus expanding the sources of information available to investors in the capital market.

"An attractive capital market entails both dynamic, proactive companies with well-established governance and a solid vision oriented towards performance and sustainable development, as well as companies with good liquidity. We adhere to these criteria through the continuous development of TeraPlast Group, as well as through openness, transparent communication, providing investors with essential data for their decisions. Liquidity has allowed us to be included in the FTSE Russell and MSCI indices. Thus, we are on the radar of global investors, which further motivates us to apply the best practices in the interest of shareholders and investors, to meet their expectations. The collaboration with Raiffeisen Bank International contributes to improving liquidity through specific market-making operations and visibility through the coverage that Raiffeisen is going to prepare for the benefit of shareholders and investors." stated Alexandru Stânean, CEO of TeraPlast.

"We are delighted with the decision of TeraPlast to nominate RBI as Issuer Market Maker, which represents our 10th mandate. We are confident that this cooperation will significantly increase market depth and overall turnover, thus having a positive impact on the share's liquidity. We greatly appreciate the trust placed in our company and our expertise", said Guenther Kornfellner, Equities & Derivatives Trader at RBI.

“We are pleased to see that, nearly 5 years after the establishment of the general framework for the Issuer Market Maker program, it has created conditions for improving the liquidity of companies listed on the stock exchange and that an increasing number of issuers are implementing this program. TeraPlast is already accessing the benefits of this program for the second time, and we hope they will achieve their proposed objectives, which will certainly benefit the company's investors, in particular, and the capital market in general. Congratulations to Raiffeisen Bank International, which is becoming increasingly active in the Issuer Market Maker program.” added Mr. Adrian Tănase, CEO of Bucharest Stock Exchange.

The signed contract is the second of its kind concluded by TeraPlast. Since 2020, the company benefits from issuer market-making services provided by BRK Financial Group.

TeraPlast's market capitalization exceeds EUR 262 million, and the number of shareholders has surpassed 14,000.

In the last 12 months, TRP shares have had a total trading volume of over 228 million shares. There have been over 45,000 transactions, with a total value exceeding EUR 24 million.

For more information regarding the general framework applicable to the issuer market makers, please consult: https://www.bvb.ro/info/Programul%20privind%20Market%20Maker-ul%20Emitentului.pdf.

About TeraPlast Group

TeraPlast Group is the largest polymer processor in South-Eastern Europe. The group is comprised of the following companies: TeraPlast, TeraGlass, TeraPlast Recycling, TeraBio Pack, Palplast Moldova and Somplast. Since July 2, 2008, TeraPlast SA is listed on the Bucharest Stock Exchange under the symbol TRP. The company's shares are included in the BET reference index of the Bucharest Stock Exchange, in the Small Cap and Global All Cap indices of FTSE Russell, in MSCI Frontier IMI (Investable Market Index), and ROTX EUR index of the Vienna Stock Exchange.

In the VEKTOR assessment based on 12 criteria on corporate governance and communication with investors, carried out by ARIR, TeraPlast achieved the maximum score, 10, for the fifth year in a row.

About Raiffeisen Bank International

RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 12 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A.

Around 45,000 employees service 18.6 million customers through approx. 1,500 business outlets, the by far largest part thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Austrian regional Raiffeisen banks own around 61.2 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions.