Retail Forex and CFD broker Plus500 Ltd (LON:PLUS) today published information about a transaction in its shares.
The regulatory filing dated November 26, 2015, states that JPMorgan Chase & Co. (NYSE:JPM) cut its stake in the broker to 6.81%. The investment bank (which is most likely acting on behalf of its clients), sold 259,355 ordinary shares in the broker, thus taking the holding to 7,824,307 shares.
Following the latest transaction in Plus500 shares, JPM’s holding in the broker is distributed across its subsidiaries as follows:
- JP Morgan Asset Management Holdings (UK) Limited – 2.62%;
- J.P. Morgan Securities plc – 4.19%.
The transaction is reported a couple of days after the announcement of the termination of the merger agreement between Playtech PLC (LON:PTEC) and the broker due to the timing of the decision of the UK Financial Conduct Authority. Although share prices in both companies staged a steep drop shortly after the announcement, Plus500 has managed to erase those losses.
One share in Plus500 traded at 392.04p at the moment of publication of this article.
Chart source: Google Finance.
To view the official regulatory filing about the latest transaction, click here.