FlatexDEGIRO Launches Share Buyback Program

FlatexDEGIRO AG has announced a share buyback program with a maximum value of up to EUR 50 million. The program will commence on October 1, 2024, and conclude by May 7, 2025. This buyback will represent approximately 3.5% of the company's current market capitalization, based on the XETRA closing price of EUR 12.86 as of September 30, 2024.

The company received approval from the German Federal Financial Supervisory Authority (BaFin) and has mandated an investment bank to execute the program. The bank will independently determine the timing of share acquisitions. FlatexDEGIRO's Management Board retains the right to terminate or suspend the bank's mandate as needed.

This initiative is conducted under the authority granted by shareholders at the Annual General Meeting on June 4, 2024. The program aligns with flatexDEGIRO's capital allocation strategy, emphasizing its financial strength and shareholder value.