EMPLOYEE INCENTIVE PLANS - REPURCHASE OF SHARES
November 11 2020 - 11:45AM
EMPLOYEE INCENTIVE PLANS - REPURCHASE OF SHARES
EMPLOYEE INCENTIVE PLANS - REPURCHASE OF
SHARES
Amsterdam, the Netherlands - Flow Traders N.V. (“Flow Traders”)
(Euronext: FLOW) announces that it will repurchase shares for a
total aggregate consideration of up to €30 million in connection
with its employee incentive plans.
In order to meet its obligations under various employee
incentive plans, Flow Traders will start repurchasing shares for a
total aggregate consideration of up to €30m. The share repurchases
will commence on 12 November 2020 for a period of 12 months.
Any shares repurchased will be held in treasury until such time
as they are distributed.
Contact Details
Flow Traders N.V. Jonathan Berger / Investor Relations Officer
Phone: +31 20 7996799 Email:
investor.relations@flowtraders.com
About Flow Traders
Flow Traders is a leading global financial technology-enabled
liquidity provider in financial products, historically specialized
in Exchange Traded Products (ETPs), now expanding into other asset
classes. Flow Traders ensures the provision of liquidity to support
the uninterrupted functioning of financial markets. This allows
investors to continue to buy or sell ETPs or other financial
instruments under all market circumstances. We continuously grow
our organization, ensuring that our trading desks in Europe, the
Americas and Asia can provide liquidity across all major exchanges,
globally, 24 hours a day. Founded in 2004, we continue to cultivate
the entrepreneurial, innovative and team-oriented culture that has
been with us since the beginning.
Important Legal Information
This press release is prepared by Flow Traders
N.V. and is for information purposes only. It is not a
recommendation to engage in investment activities and you must not
rely on the content of this document when making any investment
decisions. The information in this document does not constitute
legal, tax, or investment advice and is not to be regarded as
investor marketing or marketing of any security or financial
instrument, or as an offer to buy or sell, or as a solicitation of
any offer to buy or sell, securities or financial instruments. The
information and materials contained in this press release are
provided ‘as is’ and Flow Traders N.V. or any of its affiliates
(“Flow Traders”) do not warrant the accuracy, adequacy or
completeness of the information and materials and expressly
disclaim liability for any errors or omissions. This press release
is not intended to be, and shall not constitute in any way a
binding or legal agreement, or impose any legal obligation on Flow
Traders. All intellectual property rights, including trademarks,
are those of their respective owners. All rights reserved. All
proprietary rights and interest in or connected with this
publication shall vest in Flow Traders. No part of it may be
redistributed or reproduced without the prior written permission of
Flow Traders. This press release may include forward-looking
statements, which are based on Flow Traders’ current expectations
and projections about future events, and are not guarantees of
future performance. Forward looking statements are statements that
are not historical facts, including statements about our beliefs
and expectations. Words such as “may”, “will”, “would”, “should”,
“expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”,
“could”, “hope”, “seek”, “plan”, “foresee”, “aim”, “objective”,
“potential”, “goal” “strategy”, “target”, “continue” and similar
expressions or their negatives are used to identify these
forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties,
assumptions and other factors because they relate to events and
depend on circumstances that will occur in the future whether or
not outside the control of Flow Traders. Such factors may cause
actual results, performance or developments to differ materially
from those expressed or implied by such forward-looking statements.
Accordingly, no undue reliance should be placed on any
forward-looking statements. Forward-looking statements speak only
as at the date at which they are made. Flow Traders expressly
disclaims any obligation or undertaking to update, review or revise
any forward-looking statements contained in this press release to
reflect any change in its expectations or any change in events,
conditions or circumstances on which such statements are based
unless required to do so by applicable law. Financial objectives
are internal objectives of Flow Traders to measure its operational
performance and should not be read as indicating that Flow Traders
is targeting such metrics for any particular fiscal year. Flow
Traders’ ability to achieve these financial objectives is
inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond Flow Traders’ control, and upon assumptions with respect to
future business decisions that are subject to change. As a result,
Flow Traders’ actual results may vary from these financial
objectives, and those variations may be material. Efficiencies are
net, before tax and on a run-rate basis, i.e. taking into account
the full-year impact of any measure to be undertaken before the end
of the period mentioned. The expected operating efficiencies and
cost savings were prepared on the basis of a number of assumptions,
projections and estimates, many of which depend on factors that are
beyond Flow Traders’ control. These assumptions, projections and
estimates are inherently subject to significant uncertainties and
actual results may differ, perhaps materially, from those
projected. Flow Traders cannot provide any assurance that these
assumptions are correct and that these projections and estimates
will reflect Flow Traders’ actual results of operations.
By accepting this document you agree to the
terms set out above. If you do not agree with the terms set out
above please notify legal.amsterdam@nl.flowtraders.com immediately
and delete or destroy this document.
Market Abuse Regulation
This press release contains information within the meaning of
Article 7(1) of the EU Market Abuse Regulation and is an
announcement pursuant to Article 5 (1) of the EU Market Abuse
Regulation.
- Employee Incentive Plans - Repurchase of Shares
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