13.12.2019 flatex AG  DE000FTG1111

DGAP-Adhoc: flatex AG: flatex AG signs purchase agreement to acquire shares in DeGiro B.V. and already acquires approx. 9.4 % of DeGiro B.V. on the day the agreement is concluded


 

DGAP-Ad-hoc: flatex AG / Key word(s): Mergers & Acquisitions/Investment
flatex AG: flatex AG signs purchase agreement to acquire shares in DeGiro B.V. and already acquires approx. 9.4 % of DeGiro B.V. on the day the agreement is concluded

13-Dec-2019 / 17:06 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.


Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014
Frankfurt/Main, 13 December 2019

flatex AG signs purchase agreement to acquire shares in DeGiro B.V. and already acquires approx. 9.4% of DeGiro B.V.on the day the agreement is concluded

The management board of flatex AG today concluded a purchase agreement, the implementation of which will result in flatex AG acquiring 100% of the shares in DeGiro B.V. The total purchase price agreed in the purchase agreement for 100% of the shares in DeGiro B.V. amounts to EUR 250 million on a cash and debt free basis and includes a payment in the form of shares in flatex AG as well as a cash payment.

For the shares to be granted, flatex AG will carry out a non-cash capital increase of up to 7.5 million shares at the closing of the transaction in rem from the authorised capital, excluding shareholders' subscription rights. These shares will be paid to the sellers at a price of EUR 25.33 per share. The cash component of the total purchase price will be paid in the amount of the remaining balance, expected to be approx. EUR 60 million.

Already today, flatex AG will purchase and acquire approx. 9.4% of DeGiro B.V. shares against payment of a cash purchase price of around EUR 23.6 million from its own funds.

The closing of the transaction in rem is subject to the approval of the competent regulatory authorities and is expected in Q2 2020.

Contact:
Dr. Roman Gaitzsch Tel. +49 (0) 69 450001 0
Deputy Head of Legal ir@flatex.com

flatex AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main

Disclaimer
This release may contain forward-looking statements and information that use words such as 'expect', 'want', 'anticipate', 'intend', 'plan', 'believe', 'seek', 'estimate', 'will' or similar terms are recognizable. Such forward-looking statements are based on our current expectations and assumptions that may involve a number of risks and uncertainties. The actual results achieved by flatex AG may differ significantly from the statements in the forward-looking statements. flatex AG undertakes no obligation to update these forward-looking statements or to correct them in any other than expected development.




 

13-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: flatex AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Germany
Phone: +49 (0) 69 450001 0
E-mail: ir@flatex.com
Internet: www.flatex.com
ISIN: DE000FTG1111
WKN: FTG111
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 935963

 
End of Announcement DGAP News Service

935963  13-Dec-2019 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 14,03 16,16 75,19 95,02 107,01 125,10 139,60 0,00
EBITDA1,2 -0,49 -8,03 19,74 30,62 32,07 42,37 43,50 0,00
EBITDA-Marge3 -3,49 -49,69 26,25 32,22 29,97 33,87 31,16 0,00
EBIT1,4 -1,23 -9,54 17,24 25,47 26,48 34,19 33,70 0,00
EBIT-Marge5 -8,77 -59,03 22,93 26,80 24,75 27,33 24,14 0,00
Jahresüberschuss1 -1,13 -7,59 -2,16 12,32 16,80 21,04 21,70 0,00
Netto-Marge6 -8,05 -46,97 -2,87 12,97 15,70 16,82 15,54 0,00
Cashflow1,7 1,37 5,97 -58,71 -143,96 0,11 253,64 112,00 0,00
Ergebnis je Aktie8 -0,08 -0,47 -0.10 0,73 1,00 1,12 1,11 1,30
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
flatex
WKN Kurs in € Einschätzung Börsenwert in Mio. €
FTG111 27,500 Halten 537,78
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,67 19,56 0,836 64,13
KBV KCV KUV EV/EBITDA
2,94 2,12 4,30 12,693
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
Hauptversammlung
0,00 0,00 0,00 12.08.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2019 28.06.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
12,55% 19,09% 12,24% 53,46%
    
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FinTech , FTG111 , FTK , XETR:FTK