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flatex AG

Reappointment of the Management Board Frank Nie...

DGAP-Ad-hoc: flatex AG / Key word(s): Personnel/Miscellaneous
flatex AG: Reappointment of the Management Board Frank Niehage (CEO) and Muhamad Chahrour (CFO) until 2025

30-May-2020 / 12:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of an inside information according to Article 17 MAR of the Regulation (EU) No 596/2014

Frankfurt/Main, 30 Mai 2020

Reappointment of the Management Board Frank Niehage (CEO) and Muhamad Chahrour (CFO) until 2025

Frankfurt/Main - Today, the supervisory board of flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) decided unanimously to reappoint the current members of the management board Frank Niehage (CEO) and Muhamad Chahrour (CFO) until 31.05.2025.

In today's Supervisory Board meeting of flatex AG, the Supervisory Board unanimously decided to prematurely terminate the term of Frank Niehage (CEO), which originally ended on 31 August 2022, and the term of Muhamad Chahrour (CFO), which originally ended on 31 December 2022, and to reappoint both of them as members of the Management Board of flatex AG for the period from 1 June 2020 to 31 May 2025. For the new tenure from June 1, 2020 to May 31, 2025, new Management Board service contracts have been concluded.

Among other things, subject of the new management contracts is the introduction of a new long-term incentive plan in the form of a Stock Appreciation Rights Plan (virtual option plan), which is based in equal parts on the share price performance as well as the development of earnings per share.

Contact:
Muhamad Chahrour
CFO & IR
flatex AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main
+49 (0) 69 450001 0
ir@flatex.com


30-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: flatex AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Germany
Phone: +49 (0) 69 450001 0
E-mail: ir@flatex.com
Internet: www.flatex.com
ISIN: DE000FTG1111
WKN: FTG111
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1059637

 
End of Announcement DGAP News Service

1059637 30-May-2020 CET/CEST

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