flatex major shareholders place shares – number of trading venues reduced

Two major flatex shareholders, GfBk Gesellschaft für Börsenkommunikation mbH by Bernd Förtsch and Heliad Equity Partners GmbH & Co. KGaA, placed up to 2.3 million flatex shares. Förtsch contributed 1.8 million shares, Heliad half a million. “After the placement, Mr. Förtsch will hold 18.6% of the outstanding shares directly and indirectly with GfBk, Heliad will continue to hold 7.3%,” said flatex on Friday. After placement, the free float should be around 70 percent.

Heliad has already sent a message: The company has raised more than 20 million euros from the sale.

The placement is “an important step in terms of our uplisting to the Prime Standard in the fourth quarter of 2020 and will benefit the liquidity of flatex shares,” said Frank Niehage, CEO of flatex. “After completing the DEGIRO transaction, which we expect in the next few weeks, we aim to target 2 million customers and 60 million transactions per year in the medium term,” said Muhamad Chahrour, CFO of flatex, about the operational plans.

The broker is currently getting resentment from traders – the reason: The number of trading venues that can be used by customers has been significantly reduced at the expense of regional exchanges. This can mean problems for flatex users, especially in the case of small caps that are only listed on the regional exchanges that are now excluded.

At a glance – chart and news: flatex AG


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