FlatexDEGIRO AG logo

FTK - FlatexDEGIRO AG News Story

€106.1 2.7  2.6%

Last Trade - 16/04/21

Sector
Financials
Size
Large Cap
Market Cap £2.51bn
Enterprise Value £3.22bn
Revenue £226.6m
Position in Universe 273rd / 1048

BRIEF-Flatex Free Float Increases To 70%

Fri 3rd July, 2020 7:32am
July 3 (Reuters) - FLATEX AG  FTKG.DE :
    * FREE FLOAT INCREASES TO 70%
    * IN THIS CONTEXT, BERND FÖRTSCH, OWNING - DIRECTLY AND
INDIRECTLY
VIA GFBK - APPROX. 27.7% OF FLATEX WILL SELL UP TO 1,800,000
SHARES
    * HELIAD, CURRENTLY HOLDING APPROX. 9.8% OF FLATEX, WILL
SELL UP
TO 0.5M SHARES
    * FÖRTSCH WILL HOLD AFTER PRIVATE PLACEMENT DIRECTLY AS WELL
AS
INDIRECTLY VIA GFBK 18.6%, HELIAD WILL CONTINUE TO HOLD 7.3%.
    * UPON CLOSING OF ACQUISITION, REMAINING 90.6% OF SHARES
WILL BE
ACQUIRED AND FINANCED BY CARRYING OUT A CAPITAL INCREASE AGAINST
CONTRIBUTION IN KIND
    * UP TO 7.5 MILLION NEW FLATEX SHARES WILL BE ISSUED TO
CURRENT
DEGIRO SHAREHOLDERS PRECLUDING SUBSCRIPTION RIGHTS OF EXISTING
SHAREHOLDERS
    * FLATEX WILL PAY ON A DEBT-AND-CASH-FREE BASIS EUR 36.4
MILLION
IN CASH
    * DEGIRO SHAREHOLDERS AGREED TO A 12-MONTH LOCK-UP

Source text for Eikon:  ID:nEQGhxCha 
Further company coverage:  FTKG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;;))
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