Put companies on watchlist
flatexDEGIRO AG
ISIN: DE000FTG1111
WKN: FTG111
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

flatexDEGIRO AG · ISIN: DE000FTG1111 · EQS - adhoc news (94 News)
Country: Germany · Primary market: Germany · EQS NID: 1795231
12 December 2023 12:02PM

Management and Supervisory Board adopt key points of a new capital allocation strategy for the first time


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

fncls.ssp?fn=show_t_gif&application_id=1795231&application_name=news&site_id=boersengefluester_html
Visual performance / price development - flatexDEGIRO AG
Smart analysis and research tools can be found here.

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

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.