Flow Traders Ltd · EURONEXT:FLOW
Flow Traders — Shareholder Meeting (May 2019)
97 slides from Flow Traders's shareholder meeting presentation, May 8, 2019
Slide 1: Annual Shareholders Meeting Flow Traders N.V.
AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Annual Shareholders Meeting Flow Traders N.V. 8 May 2019 Flow Traders |
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking statements” which relate to, without limitation, our plans, The forward-looking statements contained in this document are based on assumptions, beliefs and objectives, strategies, future operational performance, and anticipated developments in t
Slide 3: Agenda - 1
Agenda - 1 1. Opening and announcements 2. Corporate Reports a. Annual report b. Management Board remuneration c. Adoption of the annual accounts (voting item) d. Dividend policy e. Determination of dividend (voting item) 3. Discharge of Management Board members (voting item) 4. Discharge of Supervi
Slide 4: Agenda - 2
Agenda - 2 7. Authority to issue shares and restrict or exclude pre-emptive rights (voting item) a. Authority to issue shares (voting item) b. Authority to restrict or exclude pre-emptive rights (voting item) 8. Authority to acquire own shares (voting item) 9. Authority to cancel own shares (voting
Slide 5: 1. Opening and announcements
1. Opening and announcements AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 5
Slide 6: 2. Corporate Reports
2. Corporate Reports A. Annual Report B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 6
Slide 7: 2. Corporate Reports
2. Corporate Reports A. Annual Report 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item) AMSTERDAM CLUJ HONG KONG LONDON
Slide 8: 2018 was a record year for Flow Traders, confirming its growth strategy
2018 was a record year for Flow Traders, confirming its growth strategy Flow Traders’ disciplined execution on its growth strategy resulted in more products traded, more counterparties and more venues connected to Flow Traders realized a Net Trading Income in 2018 of € 383.4 million, a record leve
Slide 9: Market circumstances in 2018 supported the performance of Flow Traders
Market circumstances in 2018 supported the performance of Flow Traders ETP Value Traded development GENERAL EVENTS IMPACTING GLOBAL MARKETS Realized market volatility on daily basis (*) 9,000 8,454 • Developments around Brexit had an impact on 50 8,000 market sentiment in Europe 40 7,000 6,540 5,974
Slide 10: Improving market circumstances in 2018 led to further market share gains in every region
Improving market circumstances in 2018 led to further market share gains in every region EMEA AMERICAS APAC Flow Traders ETP market share continued to Flow Traders ETP market share was around Flow Traders ETP market share improved in grow, consolidating our number 1 position 2% in 2018 as trad
Slide 11: Financial Results
Financial Results AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 11
Slide 12: P&L overview 2018 shows tight grip on cost control while facilitating growth
P&L overview 2018 shows tight grip on cost control while facilitating growth Consolidated Fixed 2018 2017 2016 In milllions of euro FY18 FY17 FY16 expenses per employee Net Trading Income 383.4 166.0 250.0 Employee expenses (fixed) 36.1 32.2 26.5 89,327 87,463 88,989 Technology expenses 35.4 37.3 34
Slide 13: Flow Traders' balance sheet remains conservative and unleveraged
Flow Traders’ balance sheet remains conservative and unleveraged Condensed Balance Sheet (in €m) Assets 31 Dec 2018 31 Dec 2017 31 Dec 2016 Balance sheet: Trading capital 424.7 271.8 343.3 Straightforward balance sheet as Flow Traders holds no debt Property, equip. and intang. assets 30.2 28.8 23.
Slide 14: Flow Traders – A leading technology-enabled liquidity provider
Flow Traders – A leading technology-enabled liquidity provider A global focused liquidity provider, with strong presence in Europe and expanding across the US and Asia Core business in providing ETP liquidity with increasing diversification into other asset classes Technological expertise and
Slide 15: 1Q19 results showed relatively strong start of 2019 for Flow Traders
1Q19 results showed relatively strong start of 2019 for Flow Traders ETP market dynamics 1Q19 Flow Traders Flow Traders’ marketperformance share grew in all regions1Q19 in 1Q19 VIX slowed down in 1Q19 to levels below 20-year ETP Value Traded slowed down 5% Q-o-Q, but grew 8% Y-o-Y to €258.6 bil
Slide 16: Strategy update
Strategy update AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 16
Slide 17: Flow Traders grows by leveraging current platform and trading relationships
Flow Traders grows by leveraging current platform and trading relationships Flow Traders historically has a strong foothold in ETPs, across all underlying asset classes Flow Traders is improving trading capabilities by growing scale in trading financial products while ETP trading remains core
Slide 18: 2019: Strategy focuses on global growth through diversification and operational leverage
2019: Strategy focuses on global growth through diversification and on operational leverage Foundation built in recent years leads to 4 strategic focus areas for 2019 to enable organic growth: Expand presence in ETP trading, Expand liquidity providing in ETPs especially in the Americas and APAC and
Slide 19: Strategic roadmap 2025: Increase presence and scale to grow NTI
Strategic roadmap 2025 : Increase presence and scale to grow NTI and reduce cyclical variation 2500 2250 2000 Counterparties 1750 1500 1250 1000 >2000 450 €m 750 NTI 500 1100 400 694 790 250 550 0 350 2015 2016 2017 2018 300 250 250 Venues 200 200 383.0 150 150 304.7 250.0 100 100 172.7 166.0 161 14
Slide 20: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item)
Slide 21: Supervisory Board Report
Supervisory Board Report Supervisory Board Trading and Technology Remuneration and Risk Committee Audit Committee Committee Appointment Committee Internal Audit External Audit Risk and HR and Legal and Finance and Technology Trading Mid-Office Recruitment Compliance Tax Management Board AMSTERDAM CL
Slide 22: Supervisory Board Report
Supervisory Board Report Main topics in 2018 Succession Planning Management Board and Supervisory Board Strategy Senior Management New legislation and regulation Evaluation and Governance Trading and Markets Risk Management External Auditor and Internal Audit Function Employees and Culture AMSTERDAM
Slide 23: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item)
Slide 24: Presentation on the 2018 audit
Annual General meeting Flow Traders N.V. Presentation on the 2018 audit The bet t er t he quest ion. The bet t er t he answer. The bet t er t he world works.
Slide 25: Agenda
Agenda ► 2018 audit: ► Scope ► Strategy ► Execution ► Audit Results ► Key audit matter ► Communication and interaction Page 25
Slide 26: 2018 Audit
2018 Audit Scope Strategy Execution Statutory and Responsibility Approach consolidated Materiality Financial statements Teaming Risk assessment Audit Core team Changes compared to Experts PY Directors’ report Compliance with legal Materiality Key Audit Matters requirements/material misstatements Ind
Slide 27: Audit Results
Audit Results ► We provided an unqualified auditors’ report on the statutory and consolidated financial statements of Flow Traders N.V. ► We included in our auditor’s report our view on going concern as well as the results of our work in relation to the director’s report. Page 27
Slide 28: Key audit matter
Key audit matter ► Fair value measurement of financial assets and liabilities for trading ► We evaluated the valuation process and verification by Risk- and Middle Office ► We performed our own independent testing through sampling ► We audited the fair value hierarchy and required disclosures Page 2
Slide 29: Communication en interaction
Communication en interaction ► Our reports ► Meetings and interaction ► Finance department ► Management Board ► Supervisory Board and Audit committee ► Conclusive remarks Page 29
Slide 30: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance 1. Management Board report 2. Supervisory Board report 3. Accountant statements 4. Q&A B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item)
Slide 31: Q&A
Q&A AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 31
Slide 32: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 32
Slide 33: General Remuneration Policy
General Remuneration Policy Key elements of our remuneration practices Aligned with the business, promoting prudent and risk-aware behavior Remuneration elements: limited fixed pay; ‘no profit, no variable pay’ Variable pay is deferred and subject to reduction or forfeiture No guaranteed remuneratio
Slide 34: Management Board Remuneration – target framework
Management Board Remuneration – target framework AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 34
Slide 35: Test question
Test question Test question: Will Ajax win tonight's match against Tottenham Hotspur? 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 35
Slide 36: Test question
Test question Test question: Will Ajax win tonight's match against Tottenham Hotspur? 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 36
Slide 37: Test question
Test question Test question: Will Ajax win tonight's match against Tottenham Hotspur? 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 37
Slide 38: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 38
Slide 39: Agenda item 2c: Adoption of annual accounts
Agenda item 2c (voting item) Adoption of annual accounts It is proposed to adopt the annual accounts for the financial year 2018 as drawn up by the Management Board and signed by the Management Board and the Supervisory Board. Ernst & Young Accountants LLP has audited the annual accounts and has iss
Slide 40: Agenda item 2c
Agenda item 2c • Adoption of the 2018 annual accounts 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 40
Slide 41: Agenda item 2c
Agenda item 2c • Adoption of the 2018 annual accounts 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 41
Slide 42: Agenda item 2c
Agenda item 2c • Adoption of the 2018 annual accounts 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 42
Slide 43: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 43
Slide 44: 2. Corporate Reports
2. Corporate Reports A. Annual Report including corporate governance B. Management Board remuneration C. Adoption of the annual accounts (voting item) D. Dividend policy E. Determination of dividend (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 44
Slide 45: Agenda item 2e: Determination of dividend
Agenda item 2e (voting item) • Determination of dividend It is proposed to the General Meeting that a total cash dividend of € 2.35 per share will be paid out to shareholders for the financial year 2018, subject to a 15% Dutch dividend withholding tax (dividendbelasting). An interim cash dividend of
Slide 46: Agenda item 2e
Agenda item 2e • Determination of dividend 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 46
Slide 47: Agenda item 2e
Agenda item 2e • Determination of dividend 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 47
Slide 48: Agenda item 2e
Agenda item 2e • Determination of dividend 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 48
Slide 49: 3. Discharge of Management Board members (voting item)
3. Discharge of Management Board members (voting item) It is proposed to discharge the members of the Management Board from liability in respect of the performance of their management duties to the extent that such performance is apparent from the annual accounts over the financial year 2018 or has
Slide 50: Agenda item 3
Agenda item 3 (voting item) • Discharge of Management Board members 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 50
Slide 51: Agenda item 3
Agenda item 3 (voting item) • Discharge of Management Board members 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 51
Slide 52: Agenda item 3
Agenda item 3 (voting item) • Discharge of Management Board members 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 52
Slide 53: 4. Discharge of Supervisory Board members (voting item)
4. Discharge of Supervisory Board members (voting item) It is proposed to discharge the members of the Supervisory Board from liability in respect of the performance of their supervisory duties to the extent that such performance is apparent from the annual accounts over the financial year 2018 or h
Slide 54: Agenda item 4
Agenda item 4 (voting item) • Discharge of Supervisory Board members 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 54
Slide 55: Agenda item 4
Agenda item 4 (voting item) • Discharge of Supervisory Board members 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 55
Slide 56: Agenda item 4
Agenda item 4 (voting item) • Discharge of Supervisory Board members 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 56
Slide 57: 5. Composition Management Board (voting item)
5. Composition Management Board (voting item) a. Proposed reappointment of Dennis Dijkstra as member of the Management Board and CEO (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 57
Slide 58: Agenda item 5a
Agenda item 5a (voting item) Proposed reappointment of Dennis Dijkstra as member of the Management Board and CEO. It is proposed to reappoint Dennis Dijkstra as a Management Board member and Chief Executive Officer (“CEO”) of the Company following the Supervisory Board’s nomination for a second term
Slide 59: Agenda item 5a
Agenda item 5a (voting item) • Proposed reappointment of Dennis Dijkstra as member of the Management Board and CEO 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 59
Slide 60: Agenda item 5a
Agenda item 5a (voting item) • Proposed reappointment of Dennis Dijkstra as member of the Management Board and CEO 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 60
Slide 61: Agenda item 5a
Agenda item 5a (voting item) • Proposed reappointment of Dennis Dijkstra as member of the Management Board and CEO 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 61
Slide 62: 6. Composition Supervisory Board (voting item)
6. Composition Supervisory Board (voting item) a. Proposed reappointment of Eric Drok as member of the Supervisory Board b. Proposed reappointment of Roger Hodenius as member of the Supervisory Board c. Proposed reappointment of Olivier Bisserier as member of the Supervisory Board AMSTERDAM CLUJ HON
Slide 63: Agenda item 6a
Agenda item 6a (voting item) Proposed reappointment of Eric Drok as member of the Supervisory Board In accordance with the Articles of Association of the Company, the Supervisory Board proposes to reappoint Eric Drok as member of the Supervisory Board with effect from 8 May 2019 for a second term of
Slide 64: Agenda item 6a
Agenda item 6a (voting item) • Proposed reappointment of Eric Drok as member of the Supervisory Board 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 64
Slide 65: Agenda item 6a
Agenda item 6a (voting item) • Proposed reappointment of Eric Drok as member of the Supervisory Board 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 65
Slide 66: Agenda item 6a
Agenda item 6a (voting item) • Proposed reappointment of Eric Drok as member of the Supervisory Board 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 66
Slide 67: Agenda item 6b
Agenda item 6b (voting item) Proposed reappointment of Roger Hodenius as member of the Supervisory Board In accordance with the Articles of Association of the Company, the Supervisory Board proposes to reappoint Roger Hodenius as member of the Supervisory Board with effect from 8 May 2019 for as sec
Slide 68: Agenda item 6b
Agenda item 6b (voting item) • Proposed reappointment of Roger Hodenius as member of the Supervisory Board 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 68
Slide 69: Agenda item 6b
Agenda item 6b (voting item) • Proposed reappointment of Roger Hodenius as member of the Supervisory Board 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 69
Slide 70: Agenda item 6b
Agenda item 6b (voting item) • Proposed reappointment of Roger Hodenius as member of the Supervisory Board 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 70
Slide 71: Agenda item 6c
Agenda item 6c (voting item) Proposed reappointment of Olivier Bisserier as member of the Supervisory Board In accordance with the Articles of Association of the Company, the Supervisory Board proposes to reappoint Olivier Bisserier as member of the Supervisory Board with effect from 8 May 2019 for
Slide 72: Agenda item 6c
Agenda item 6c (voting item) • Proposed reappointment of Olivier Bisserier as member of the Supervisory Board 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 72
Slide 73: Agenda item 6c
Agenda item 6c (voting item) • Proposed reappointment of Olivier Bisserier as member of the Supervisory Board 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 73
Slide 74: Agenda item 6c
Agenda item 6c (voting item) • Proposed reappointment of Olivier Bisserier as member of the Supervisory Board 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 74
Slide 75: 7. Authority to issue shares and restrict or exclude pre-emptive rights
7. Authority to issue shares and restrict or exclude pre-emptive rights a. Authority to issue shares (voting item) b. Authority to restrict or exclude pre-emptive rights (voting item) AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 75
Slide 76: Agenda item 7a: Authority to issue shares
Agenda item 7a (voting item) Authority to issue shares It is proposed to renew the authority of the Management Board, subject to the Supervisory Board’s approval, to issue ordinary shares or to grant rights to subscribe for ordinary shares for a period of 18 months from the date of this General Meet
Slide 77: Agenda item 7a
Agenda item 7a (voting item) • Authority to issue shares 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 77
Slide 78: Agenda item 7a
Agenda item 7a (voting item) • Authority to issue shares 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 78
Slide 79: Agenda item 7a
Agenda item 7a (voting item) • Authority to issue shares 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 79
Slide 80: Agenda item 7b: Authority to restrict or exclude pre-emptive rights
Agenda item 7b (voting item) Authority to restrict or exclude pre-emptive rights It is proposed to renew the authority of the Management Board, subject to the Supervisory Board’s approval, to restrict or exclude applicable pre-emptive rights when issuing ordinary shares or granting rights to subscri
Slide 81: Agenda item 7b
Agenda item 7b (voting item) • Authority to restrict or exclude pre-emptive rights 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 81
Slide 82: Agenda item 7b
Agenda item 7b (voting item) • Authority to restrict or exclude pre-emptive rights 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 82
Slide 83: Agenda item 7b
Agenda item 7b (voting item) • Authority to restrict or exclude pre-emptive rights 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 83
Slide 84: 8. Authority to acquire own shares (voting item)
8. Authority to acquire own shares (voting item) Authority to acquire own shares It is proposed to renew the authority of the Management Board, subject to the Supervisory Board’s approval, to acquire shares in the capital of the Company, either through purchase on a stock exchange or otherwise. The
Slide 85: Agenda item 8
Agenda item 8 (voting item) • Authority to acquire own shares 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 85
Slide 86: Agenda item 8
Agenda item 8 (voting item) • Authority to acquire own shares 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 86
Slide 87: Agenda item 8
Agenda item 8 (voting item) • Authority to acquire own shares 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 87
Slide 88: 9. Authority to cancel own shares (voting item)
9. Authority to cancel own shares (voting item) Authority to cancel own shares It is proposed - which proposal has been approved by the Supervisory Board- to cancel any or all shares in the share capital of the Company held or repurchased by the Company under the authorization referred to under agen
Slide 89: Agenda item 9
Agenda item 9 (voting item) • Authority to cancel own shares 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 89
Slide 90: Agenda item 9
Agenda item 9 (voting item) • Authority to cancel own shares 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 90
Slide 91: Agenda item 9
Agenda item 9 (voting item) • Authority to cancel own shares 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 91
Slide 92: 10. Auditor (voting item)
10. Auditor (voting item) Auditor (voting item) In accordance with the recommendations of the Audit Committee, the Supervisory Board proposes to reappoint Ernst & Young Accountants LLP as external auditor of the Company for the current financial year. AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPO
Slide 93: Agenda item 10: Auditor
Agenda item 10 (voting item) • Auditor 1. For 2. Against 3. Abstain AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 93
Slide 94: Agenda item 10
Agenda item 10 (voting item) • Auditor 1. For 2. Against 3. Abstain You may vote now AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 94
Slide 95: Agenda item 10
Agenda item 10 (voting item) • Auditor 1. For 2. Against 3. Abstain Voting is closed AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 95
Slide 96: 11. Any other business and closing
11. Any other business and closing AMSTERDAM CLUJ HONG KONG LONDON NEW YORK SINGAPORE Flow Traders | AGM 2019 96
Slide 97: Thank you!
When you leave the AGM would you be so kind to return your chipcard and keypad Thank you! AMSTERDAM CLUJ HONG KONG LONDONFlowNEW TradersYORK | SINGAPORE