MEXICO CITY, Oct. 12, 2016 /PRNewswire/ -- Grupo Rotoplas, SAB de CV (BMV: AGUA) ("Rotoplas" or the "Company"), the leading provider of individual and integrated water solutions in the Americas, announced today that it has signed a market maker services contract with UBS Casa de Bolsa, SA de CV, UBS Grupo Financiero (UBS) for a period of 12 months, starting October 12, 2016.
UBS, in its role as market maker, will trade AGUA's shares listed in the Mexican Stock Exchange (BMV) in order to promote liquidity and to contribute to stabilization and continuity of AGUA's price per share.
With the incorporation of the market maker program, and together with the stock buyback fund approved by the Board of Directors, Rotoplas reaffirms its commitment of maintaining efforts to enhance share liquidity to investors.
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V., it relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the forward-looking statements could vary due to facts, circumstances and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is the leading provider of individual and integrated water solutions for storing, carrying, and treating water in the Americas. With more than 35 years' experience in the industry and 23 plants throughout the Americas, Rotoplas has a presence in 13 countries and a portfolio that includes 17 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
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SOURCE Grupo Rotoplas SAB de CV