FlatexDEGIRO executes 4-for-1 stock split
Corporate News / Frankfurt/Main, 30 August 2021
flatexDEGIRO executes 4-for-1 stock split
? Each flatexDEGIRO shareholder of record at close of business on 1 September 2021 will receive three additional shares for every share held
? Number of outstanding shares to increase to 109,704,548
? Shares to start trading on a split-adjusted basis on 2 September 2021
Frankfurt/Main ? flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's leading and fastest-growing retail online broker will execute a 4-for-1 stock split to further increase liquidity of the shares and make stock ownership even more accessible to investors, especially in the retail sector. Each flatexDEGIRO shareholder will receive three additional shares for every one share owned. Shares will start trading on a split-adjusted basis on 2 September 2021. The price of the flatexDEGIRO share will be divided by four accordingly, without impacting the value of the total share capital or diluting stock ownership.
"flatexDEGIRO is on a mission to fully retailise capital market access, allowing everyone to take charge of their own financial future in a smart and responsible way. Due to our operating and financial success, our share price has increased by more than 200 percent over the last two years. The stock split enables more retail investor to participate directly in our long-term growth agenda," explains Frank Niehage, CEO of flatexDEGIRO the rationale of the stock split.
Muhamad Chahrour, CFO of flatexDEGIRO AG and CEO of DEGIRO adds: "As the leading European retail broker it is also our responsibility to increase accessibility of capital markets. With the stock split the price of our share will visually quarter while the number of shares will quadruple. A lower share price allows more retail investors to trade the stock and to further increase the liquidity in the share, which is positive for the intended inclusion of flatexDEGIRO in the MDAX."
Contact:
Achim Schreck Head of IR & Corporate Communications flatexDEGIRO AG Rotfeder-Ring 7 D-60327 Frankfurt/Main
Tel. +49 (0) 69 450001 0 achim.schreck@
About flatexDEGIRO AG
flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates one of the leading and fastest-growing online brokerage businesses in Europe, executing millions of paperless securities transactions per annum. B2C customers in 18 European countries are serviced via the flatex and DEGIRO brands and offered a wide range of independent products at competitive pricing, based on a modern, in-house state-of-the-art technology.
With currently more than 1.25 million customers and over 75 million securities transactions in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a time of bank consolidation, low interest rates and digitalization, the flatexDEGIRO Group is ideally positioned for further growth. Within the next five years, flatexDEGIRO aims to grow its customer base to 7-8 million customers, settling at least 250350 million transactions per year ? even in years with low volatility.
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- stock split history exxonmobil
- split calculator wisconsin department of public instruction
- s29
- stock splits s2
- important u s federal income tax information for shareholders
- stock splits and stock dividends ibm
- ge reverse stock split frequently asked questions shareowner online
- stock split quick tips merrill
- stock splits reasons and valuation effects national stock exchange
- a guide to the altria philip morris kraft basis calculator