FLOW TRADERS' FREE FLOAT INCREASES TO APPROXIMATELY 71.3% AS MAJOR SHAREHOLDERS PLACE APPROXIMATELY 5.9 MILLION SHARES WITH INSTITUTIONAL INVESTORS
(Thomson Reuters ONE) -
FLOW TRADERS' FREE FLOAT INCREASES TO APPROXIMATELY 71.3% AS MAJOR SHAREHOLDERS
PLACE APPROXIMATELY 5.9 MILLION SHARES WITH INSTITUTIONAL INVESTORS
16 February 2017, AMSTERDAM, The Netherlands - Flow Traders' free float
increases to approximately 71.3% as major shareholders Summit Partners, Avalon
and Javak have sold approximately 5.9 million shares in an accelerated
bookbuilding process. No shares were issued or sold by the company.
Flow Traders N.V. ("Flow Traders") has been informed that its major shareholders
Summit Partners, Avalon Holding B.V. ("Avalon") and Javak Investments B.V.
("Javak") have placed approximately 5.9 million Flow Traders shares with
institutional investors in an accelerated bookbuilding process.
No shares were issued or sold by the company. The shares placed represent
approximately 12.65% of Flow Traders' issued share capital. This will increase
Flow Traders' free float to approximately 71.3%[1].
Immediately upon completion of the transaction, Summit Partners will no longer
hold any shares in the capital of Flow Traders, and Javak and Avalon will each
hold approximately 12.3% of Flow Traders' issued share capital.
Flow Traders would like to thank Summit Partners for their invaluable support
over these last nine years. Summit's deep experience in the financial services
and technology sectors helped to drive the rapid expansion of our business and
to position Flow Traders as a global leader in the ETP market. As a result of
the transaction, Summit Partners ceases to be a party to the relationship
agreement that was entered into by and between Flow Traders, Summit Partners,
Javak and Avalon in connection with Flow Traders' IPO. This agreement includes,
among other things, a right for Summit Partners to designate a supervisory board
member for appointment. Han Sikkens, a Managing Director of Summit Partners, has
agreed to remain on Flow Traders' Supervisory Board for the remainder of his
term, ending on the date of the general meeting of shareholders to be held in
2018.
Contact Details
Flow Traders N.V.
Serge Enneman / Manager Investor Relations
Phone: +31 20 7996799
Email: Investor.relations(at)flowtraders.com
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.
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(at)nl.flowtraders.com immediately and delete or destroy this
document.
Market Abuse Regulation
This press release contains information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
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[1] Free float defined as the outstanding capital less shareholdings exceeding
5%, except where such interests are held by a) collective investment
schemes/mutual funds or b) pension funds, and excluding shares held by members
of Flow Traders' Management Board
170216 Press Release_vFINAL:
http://hugin.info/171622/R/2079230/782769.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Flow Traders NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2017 - 07:30 Uhr
Sprache: Deutsch
News-ID 524537
Anzahl Zeichen: 5464
contact information:
Town:
Amsterdam
Kategorie:
Business News
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