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Frequentis AG ( (DE:FQT) ) has shared an update.
Frequentis AG has announced a correction regarding the transfer of its own shares under the Long Term Incentive Plan 2022. Initially, 7,448 treasury shares were reported to be transferred to the Chairman of the Executive Board, but due to a calculation error, the correct number of shares is 6,657. The excess 791 shares have been returned to the company. This correction ensures accurate reporting and compliance with Austrian regulations, maintaining transparency and trust with stakeholders.
More about Frequentis AG
Frequentis AG is a global leader in high-tech solutions for Air Traffic Management, Public Safety, and Transport sectors. Based in Vienna, Austria, the company provides innovative and sustainable solutions for safety-critical sectors, supporting civil and military air traffic control organizations, as well as emergency services and transport authorities. Frequentis operates in over 50 countries, with its products and services used in around 150 countries worldwide. The company’s shares are traded on the Vienna and Frankfurt stock exchanges.
Average Trading Volume: 8,694
Current Market Cap: €671.2M
For an in-depth examination of FQT stock, go to TipRanks’ Overview page.