Deutsche Bank takes its stake in Plus500 below reportable threshold

Another transaction with shares in Plus500 Ltd (LON:PLUS), the CFD broker, was announced today.

A filing with the London Stock Exchange shows that investment banking giant Deutsche Bank AG (FRA:DBK) has taken its shareholding in Plus500 below reportable threshold. The transaction took place on March 18, 2015.

The latest change in Deutsche Bank’s holding in Plus500 was concluded only a couple of days after the bank had risen its interest in the broker to 7.21%. As a previous article by LeapRate shows, on March 16, 2015, the bank bought 387,004 shares in Plus500, resulting in a holding of 8,288,025 shares.

Under UK regulations, shareholders in companies should report “reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%), as a result of an acquisition or disposal of shares or financial instruments”.

The official announcement on the latest transaction with Plus500 shares can be read here.

One share in the broker traded in the range 682.00 – 694.00p on Wednesday.

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