REPURCHASE OF SHARES
REPURCHASE OF SHARES
Amsterdam, the Netherlands - Flow Traders N.V. (“Flow
Traders”) (Euronext: FLOW) has repurchased
46,488
of its own shares in the period from 5
January
2023 up
to and including 11 January
2023 at an average price of
€22.63.
This is in accordance with the share buyback program originally
announced on 22 July 2022 and subsequently increased as per the
announcement made on 27 October 2022. The consideration of this
purchase was €1.1 million.
The total number of shares purchased under this program to date
is 992,987 shares at an average price of €21.01 for a total
consideration of €20.9 million.
3,346,207 shares were held in treasury as at 11 January
2023.
Contact Details
Flow Traders N.V. Jonathan Berger / Investor
Relations OfficerPhone:
+31 20
7996149Email: 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. Please visit www.flowtraders.com
for more information.
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 is an announcement pursuant to Article 5 (1)
of the EU Market Abuse Regulation.
- Repurchase of Shares - 11 January 2023
Flow Traders (EU:FLOW)
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