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FLATEXDEGIRO AG EQS-Adhoc: flatexDEGIRO AG: Management and Supervisory Board adopt key points of a new capital allocation strategy for the first time

Transparency directive : regulatory news

12/12/2023 12:02

EQS-Ad-hoc: flatexDEGIRO AG / Key word(s): Share Buyback/Dividend
flatexDEGIRO AG: Management and Supervisory Board adopt key points of a new capital allocation strategy for the first time

12-Dec-2023 / 12:02 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 AG: Management and Supervisory Board adopt key points of a new capital allocation strategy for the first time

flatexDEGIRO AG expects to achieve a Common Equity Tier 1 ratio (CET1 ratio) of over 30 percent, taking into account the profits for 2023, and to continue to generate regulatory capital surpluses in the coming years. On this basis, the Management Board and Supervisory Board of flatexDEGIRO AG today adopted the key points of a new capital allocation strategy for the first time.

Subject to compliance with all regulatory financial requirements, the main key points include:

  1. Management Board and Supervisory Board intend to propose to the ordinary Annual General Meeting in 2024 that the company be authorized to buy back shares of up to 10 percent of the share capital of flatexDEGIRO AG for a period of five years (section 71 (1) no. 8 German Stock Corporation Act).
     
  2. The Management Board and Supervisory Board intend to propose to the ordinary Annual General Meeting the payment of a regular annual dividend, which should initially amount to 4 cents per share, in accordance with the statutory minimum dividend of 4 percent of the share capital.

The Annual General Meeting decides on the respective dividend. The acquisition of own shares is additionally subject to the approval of the German Federal Financial Supervisory Authority (BaFin).




Contact:
Achim Schreck
Head of IR & Corporate Communications
flatexDEGIRO AG
Omniturm, Große Gallusstr. 16-18
D-60312 Frankfurt/Main
+49 (0) 69 450001 1700
achim.schreck@flatexdegiro.com


End of Inside Information

12-Dec-2023 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: 1795231

 
End of Announcement EQS News Service

1795231  12-Dec-2023 CET/CEST

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