Breaking news: Trading in shares in Plus500 Ltd (LON:PLUS) has just been suspended on AIM, pending an announcement by the company.
Trading on AIM for the under-mentioned securities has been temporarily suspended from 22/05/2015 10:15am, pending an announcement.
ORDINARY SHARES OF ILS0.01 EACH FULLY PAID (DI) (BBT3PS9)(IL0011284465)
The shares in the company saw a 39% drop in price this morning, with the decline registered in just several minutes.
Plus500 shares have lost more than half their value this week, as Plus500 UK clients remained frozen out of their accounts as the company works through know-you-client and anti-money laundering related issues with the FCA.
The drop in Plus500 shares has also apparently affected trading in shares of certain other online firms, most notably binary options platform provider / operator TechFinancials. TECH shares closed below their IPO price on Thursday for the first time since March, and are down (as of the time of writing) a further 11% on Friday.
Plus500 shares, past 5 days. Source: Google Finance.
To view the official LSE announcement, click here.