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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

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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



(END) Dow Jones Newswires

December 13, 2019 11:06 ET ( 16:06 GMT)
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