on FlatexDEGIRO AG (isin : DE000FTG1111)
FlatexDEGIRO Applies for Approval of Share Buyback Program
FlatexDEGIRO AG has submitted an application for a share buyback program with the Federal Financial Supervisory Authority (BaFin). This step follows the authorization granted by the Annual General Meeting on June 4, 2024. The share buyback program aims to utilize a significant portion of the net profit from the 2023 financial year, amounting to EUR 71.9 million.
The approval from BaFin is required for the implementation of this program, as outlined in sections 77 and 78 of the Capital Requirements Regulation (CRR). Both the Supervisory and Management Boards of FlatexDEGIRO are in agreement on this initiative. The Company remains committed to keeping the capital market informed about its progress.
The announcement was disclosed as inside information according to Article 17 of the Regulation (EU) No 596/2014.
R. E.
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