FlatexDegiro: launches share buyback program

(CercleFinance.com) - The Board of Directors of FlatexDegiro, in coordination with the company's Supervisory Board, decided yesterday to implement a share buyback program.


The application for approval by the German Federal Financial Supervisory Authority (BaFin) has been accepted.

The share buyback program covers a maximum of 11,003,254 shares with a maximum value of 50 million euros (excluding ancillary costs).

The share buyback program will start on October 1, 2024 and end on May 7, 2025 at the latest.

FlatexDegiro has mandated an investment bank to execute the share buyback program.

Benon Janos, Co-CEO and CFO of flatexDegiro: ' With the launch of our share buyback program, we are putting into practice the capital allocation strategy we defined last year. This underlines our financial strength and our commitment to creating value for our shareholders'.

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