Plus500 repurchases 34K shares as part of its new buyback programme

Israel-based online trading broker Plus500 announced its most recent purchase of shares as part of its buyback programme.

Plus500 reported buying another 34,054 shares on 18 February 2021. Each of the shares was purchased through Credit Suisse Securities (Europe) Limited. The London Stock Exchange (LSE) reported the volume-weighted average price paid per share by Plus500 was £14.57.

Plus500 new share buyback program

The new buyback programme announced on 17 February 2021 will see the brokerage repurchase $25 million worth of shares. The move was announced following a massive surge in profits reported for 2020 and increased client activity.

LeapRate reported earlier that the year ended for Plus500 with $500.1 million profit, almost 230% more than the previous year.

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