flatex AG / Key word(s): Personnel/Miscellaneous
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.
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|EQS News ID:||1059637|
|End of Announcement||DGAP News Service|