The management Board of X-Trade Brokers Dom Maklerski S.A. (the „Issuer”, „Company”, „XTB”) hereby announces that on 18 October 2016 the Issuer withdrew from the negotiations with HFT Brokers Dom Maklerski S.A. („HFT”) on a potential acquisition of the client portfolio from HFT. The withdrawal from negotiations was a result of discrepancy between the parties’ expectations on the terms of a potential transaction.
At the same time, the Issuer announces that it will continuously pursue to achieve its strategic objectives, particularly in terms of the increase in the number of active accounts, described in the Prospectus.
The Company also explains that the accession on 7 October 2016 by XTB to negotiations on acquisition of the client portfolio from HFT is treated as confidential information and therefore its publication has been delayed in accordance with Article 17 section 4 Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and the Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
Legal basis: Article 17 section 4 MAR – notification on the delay of the disclosure of confidential information.
Download