Repurchase of Shares
Repurchase of Shares
Amsterdam, the Netherlands - Flow Traders Ltd.
(Euronext: FLOW) has repurchased 46,070 of its own shares in the
period from 29 April 2024 up to and including 3 May 2024 at an
average price of €19.57.
This is in accordance with the €15 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 €0.9 million.
The total number of shares purchased under this program to date
is 516,082 shares at an average price of €17.30 for a total
consideration of €8.9 million.
2,278,464 shares were held in treasury as of 6 May 2024.
Contact Details
Flow Traders Ltd.
InvestorsEric PanPhone: +31 20
7996180Email: 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 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 - 6 May 2024