The Platform Group AG

TPG

DE000A2QEFA1

Internet Services

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Mar. 20	The Platform Group AG (XTRA : FSNT) completed the acquisition of 8.57% stake in Mister Spex SE (XTRA : MRX).	CI
Mar. 08	Platform Group Boosts Stake in Pharmaceutical Platform ApoNow	MT

The Platform Group AG completes integration of fashionette

February 27, 2024 at 10:03 am EST

EQS-News: The Platform Group AG / Key word(s): Miscellaneous
The Platform Group AG completes integration of fashionette

27.02.2024 / 16:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

The Platform Group AG completes integration of fashionette

Düsseldorf, 27 February 2024. The Platform Group AG (ISIN DE000A200QEFA1, “TPG”), a leading software company for platform solutions, announced the transfer of the former fashionette business unit to a dedicated subsidiary. As of March 2024, the fashionette activities will be transferred to fashionette GmbH, based in Düsseldorf.

At the Annual General Meeting on 6 September 2023, a capital increase against contribution in kind of The Platform Group GmbH & Co. KG was resolved. The merger of the companies fashionette and The Platform Group GmbH & Co. KG was implemented in Q4 2023. The company name was changed to The Platform Group AG.

"Since the merger, the activities of the former fashionette were not organized into a separate unit. As planned in 2023, we have now organized the company into a limited liability company (GmbH) in order to complete the holding structure at parent company (AG) level. As such, the last step of the merger has been completed and the structure of The Platform Group AG is final," said Dr. Dominik Benner, CEO of The Platform Group AG.

Laura Vogelsang and Dr. Dominik Benner were appointed Managing Directors of fashionette GmbH.

Beneath the holding company The Platform Group AG, there are now the companies fashionette GmbH, Brandfield BV and The Platform Group GmbH & Co. KG. Future acquisitions will be included in the individual companies; reporting will be segment-based.

The Platform Group AG:

The Platform Group AG is a software company that is active in 19 sectors with its own platform solutions. Its customers include both B2B and B2C customers in sectors such as furniture retail, machinery retail, dental technology, car platforms and luxury fashion. The group has 14 locations across Europe with 840 employees. Over 20 investments and company acquisitions have been made since 2020. In 2023, sales of EUR 440 million and an adjusted EBITDA of EUR 20 million are expected.

Contact:

Investor Relations
Reinhard Hetkamp, CFO and Head of IR
ir@the-platform-group.com
Schloss Elbroich | Am Falder 4 | 40589 Düsseldorf | Germany
corporate.the-platform-group.com

27.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:	English
Company:	The Platform Group AG
	Schloss Elbroich, Am Falder 4
	40589 Düsseldorf
	Germany
E-mail:	ir@the-platform-group.com
Internet:	https://the-platform-group.com/
ISIN:	DE000A2QEFA1
WKN:	A2QEFA
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1846463


End of News	EQS News Service

1846463 27.02.2024 CET/CEST

Latest news about The Platform Group AG

The Platform Group AG (XTRA : FSNT) completed the acquisition of 8.57% stake in Mister Spex SE (XTRA : MRX).	Mar. 19	CI
Platform Group Boosts Stake in Pharmaceutical Platform ApoNow	Mar. 08	MT
The Platform Group AG agreed to acquire remaining 29.9% stake in Aponow Gmbh.	Mar. 06	CI
Platform Group AG to Transition fashionette Business to Limited Liability Company	Feb. 27	MT
The Platform Group AG agreed to acquire Hood Media GmbH.	Feb. 15	CI
The Platform Group to Secure Majority Stake in Avocadostore	Jan. 15	MT
The Platform Group AG agreed to acquire an additional 49.9% stake in MöbelFirst GmbH.	Dec. 14	CI
Fashionette Seeks to Sell Discontinued Business Units	23-08-31	CI
Fashionette AG Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-21	CI
Fashionette Ag Relocates Company Headquarters	23-08-04	CI
Fashionette AG Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-18	CI
Fashionette AG Appoints Laura Vogelsang as Member of the Management Board	23-05-16	CI
Transcript : Fashionette AG, 2022 Earnings Call, Apr 28, 2023	23-04-28
Fashionette AG Provides Earnings Guidance for the Year 2023	23-04-28	CI
Germany's fashionette Appoints New Chairman, Considers The Platform Group Merger	23-02-09	MT
An unknown buyer acquired 38.5% stake in Fashionette AG from Genui Fund GmbH & Co. KG managed by GENUI GmbH.	22-12-19	CI
Transcript : Fashionette AG, Q3 2022 Earnings Call, Nov 15, 2022	22-11-15
Transcript : Fashionette AG, H1 2022 Earnings Call, Sep 01, 2022	22-09-01
Fashionette AG Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-01	CI
Fashionette AG Confirms Earnings Guidance for the Year 2022	22-09-01	CI
Fashionette AG(XTRA:FSNT) dropped from S&P Global BMI Index	22-06-20	CI
Fashionette Ag Announces Executive Changes	22-06-14	CI
Fashionette AG Announces Executive Changes	22-06-14	CI
Transcript : Fashionette AG, Q1 2022 Earnings Call, May 19, 2022	22-05-19
Fashionette AG Provides Earnings Guidance for the Fiscal Year 2022	22-04-28	CI

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Platform Group AG, formerly fashionette AG, is a Germany-based Company, which provides a platform for online shopping. The Company is engaged in providing software solutions that can be used in almost all sectors and industries. Its industries include the machinery trade, dental technology, car platforms, luxury fashion and furniture. The products are purchased by Business to Business (B2B) and Business-to-consumer (B2C) customers. The Company offers full-service package consisting of software solutions, logistics, marketing, customer support, payment, and customer reach. It operates 20 platforms in 18 different sectors.

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2024-05-12 - Spring Equity Forum

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BUY

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7.74 EUR

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11.83 EUR

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+52.89%

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