FinLab AG: FinLab transfers asset management mandate
FinLab transfers asset management mandate
Frankfurt am Main, 15/07/2021 - Together with the departing board members, FinLab AG had declared its intention to transfer the asset management mandate of FinLab EOS VC Europe I GmbH & Co. KG to C3 Management GmbH that is owned by the former board members of FinLab AG Mr. Sch?tze and Mr. Rodriguez. The limited partners approved the transfer on July 15, 2021. FinLab AG remains limited partner of FinLab EOS VC Europe I GmbH & Co. KG and thus participates in the development of the fund and receives management and performance fees over the long term. This reorganization reduces FinLab AG's commission income from the EOS management fee by around 50% per year. At the same time, however, the cost structure is being optimized, so that overall a neutral effect on FinLab AG's results is expected.
About FinLab AG: Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A) is one of the first and largest investors focused on the Financial Services Technologies ("FinTech") and blockchain sector in Europe. FinLab focus in this context is providing venture capital for start-ups. FinLab's aim is a long-term participation and ongoing support of its investments. FinLab in this regard supports its investments in their respective development phase with their network and know-how. In addition, FinLab acts as an asset manager and manages assets in the three-digit million-dollar range.
Press contact: FinLab AG: firstname.lastname@example.org Phone: +49 69 719 12 80 0 www.finlab.de
15-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: FinLab AG Gr?neburgweg 18 60322 Frankfurt/Main
Germany Phone: +49 (0)69 719 12 80 - 0 Fax: +49 (0)69 719 12 80 - 011 E-mail: email@example.com Internet: www.finlab.de ISIN: DE0001218063 WKN: 121806 Indices: Scale 30 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange EQS News ID: 1219418 ? End of Announcement DGAP News Service