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 [email protected]

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.