Repurchase of Shares
Amsterdam, the Netherlands - Flow Traders Ltd. (Euronext: FLOW) has repurchased
73,078 of its own shares in the period from 6 May 2024 up to and including 10
May 2024 at an average price of EUR20.06.
This is in accordance with the EUR15 million share buyback extension program
originally announced on 27 October 2022, of which the period of execution was
announced on 28 July 2023 to be extended by 12 months to 26 October 2024. The
consideration of this purchase was EUR1.5 million.
The total number of shares purchased under this program to date is 589,160
shares at an average price of EUR17.64 for a total consideration of EUR10.4 million.
2,351,542 shares were held in treasury as of 10 May 2024.
Contact Details
Flow Traders Ltd.
Investors
Eric Pan
Phone: +31 20 7996180
Email: investor.relations@flowtraders.com
(mailto:investor.relations@flowtraders.com)
About Flow Traders
Flow Traders is a leading trading firm providing liquidity in multiple asset
classes, covering all major exchanges. Founded in 2004, Flow Traders is a
leading global ETP market marker and has leveraged its expertise in trading ETPs
to expand into fixed income, commodities, digital assets and FX. Flow Traders'
role in financial markets is to ensure the availability of liquidity and
enabling investors to continue to buy or sell financial instruments under all
market circumstances, thereby ensuring markets remain resilient and continue to
function in an orderly manner. In addition to its trading activities, Flow
Traders has established a strategic investment unit focused on fostering market
innovation and aligned with our mission to bring greater transparency and
efficiency to the financial ecosystem. With nearly two decades of experience, we
have built a team of over 600 talented professionals, located globally,
contributing to the firm's entrepreneurial culture and delivering the company's
mission.
Important Legal Information
This press release is prepared by Flow Traders Ltd. 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 Ltd. 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 (mailto:legal.amsterdam@nl.flowtraders.com)
immediately and delete or destroy this document.
Market Abuse Regulation
This press release is an announcement pursuant to Article 5(1) of the EU Market
Abuse Regulation.
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