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FinLab AG
ISIN: DE0001218063
WKN: 121806
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FinLab AG · ISIN: DE0001218063 · EQS - adhoc news (33 News)
Country: Germany · Primary market: Germany · EQS NID: 1219418
15 July 2021 08:30PM

FinLab AG: FinLab transfers asset management mandate


DGAP-Ad-hoc: FinLab AG / Key word(s): Miscellaneous
FinLab AG: FinLab transfers asset management mandate

15-Jul-2021 / 20:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


 

FinLab transfers asset management mandate

Frankfurt am Main, 15/07/2021 - Together with the departing board members, FinLab AG had declared its intention to transfer the asset management mandate of FinLab EOS VC Europe I GmbH & Co. KG to C3 Management GmbH that is owned by the former board members of FinLab AG Mr. Schütze and Mr. Rodriguez. The limited partners approved the transfer on July 15, 2021.

FinLab AG remains limited partner of FinLab EOS VC Europe I GmbH & Co. KG and thus participates in the development of the fund and receives management and performance fees over the long term.
This reorganization reduces FinLab AG's commission income from the EOS management fee by around 50% per year.
At the same time, however, the cost structure is being optimized, so that overall a neutral effect on FinLab AG's results is expected.

About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab focus in this context is providing venture capital for start-ups. FinLab's aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.

Press contact:
FinLab AG:
investor-relations@finlab.de
Phone: +49 69 719 12 80 0
www.finlab.de

 




 

15-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: investore-relations@finlab.de
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID: 1219418

 
End of Announcement DGAP News Service

1219418  15-Jul-2021 CET/CEST

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This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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