Plus500 repurchases 11,858 ordinary shares, share buyback program continues

Plus500 share buyback

FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has indicated that in accordance with the terms of its Share Buyback Programme announced on 2 June 2017, the Company acquired 11,858 ordinary shares of ILS 0.01 each in the capital of the Company (Shares) on 21 June 2017 at a price of 544.33 pence per Share.

The acquired shares will be held in treasury. Liberum Capital Limited completed the acquisition on the Company’s behalf pursuant to the Share Buyback Programme.

Plus500 advises that, at the date of this announcement, the Company’s issued share capital comprises 114,578,976 Shares (excluding 309,401 Shares held as treasury shares). Therefore, the Company’s total number of Shares with voting rights is 114,578,976.

The above figure of 114,578,976 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure and Transparency Rules.

Plus500 announced earlier this month that it is initiating a share buyback programme, with the Board approving a buyback of up to $10 million of the company’s shares through to August 31 and has already repurchased 120,000 shares in Week 1 of share buyback program.

Plus500 share price, past month. Source: Google Finance.

Read Also: