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EQS-Adhoc: flatexDEGIRO applies for approval of share buyback program


EQS-Ad-hoc: flatexDEGIRO AG / Key word(s): Share Buyback
flatexDEGIRO applies for approval of share buyback program

22-Jul-2024 / 19:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


flatexDEGIRO applies for approval of share buyback program

In agreement with the Supervisory Board, the Management Board of flatexDEGIRO AG ("flatexDEGIRO" or the "Company", ISIN: DE000FTG1111, Frankfurt Stock Exchange: FTK) today has applied for approval of a share buyback program with the Federal Financial Supervisory Authority (BaFin) in order to make use of the authorization to acquire treasury shares granted by the Annual General Meeting on June 4, 2024. According to section 77, 78 CRR, the implementation of the share buyback program is subject to the approval to be granted by the BaFin. The Company intends to use a large part of the balance sheet net profit from the 2023 financial year (EUR 71.9 million) for the share buyback program. The Management Board will keep the capital market up to date.

 

Contact:

Achim Schreck, Head of IR Corporate Communications

flatexDEGIRO AG, Omniturm, Grosse Gallusstrasse 16-18, D-60312 Frankfurt/Main

+49 (0) 69 450001 1700, achim.schreck@flatexdegiro.com



End of Inside Information

22-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: flatexDEGIRO AG
Omniturm, Große Gallusstraße 16-18
60312 Frankfurt / Main
Germany
Phone: +49 (0) 69 450001 0
E-mail: ir@flatexdegiro.com
Internet: www.flatexdegiro.com
ISIN: DE000FTG1111
WKN: FTG111
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1951473

 
End of Announcement EQS News Service

1951473  22-Jul-2024 CET/CEST

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flatexDEGIRO AG Stock

€13.03
3.140%
A very strong showing by flatexDEGIRO AG today, with an increase of €0.40 (3.140%) compared to yesterday's price.
Our community is currently high on flatexDEGIRO AG with 3 Buy predictions and 0 Sell predictions.
However, we have a potential of -0.23% for flatexDEGIRO AG as the target price of 13 € is below the current price of 13.03 €.
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