Morgan Stanley takes stake in Plus500 to 6.81%


Retail Forex and CFD broker Plus500 Ltd (LON:PLUS) has just reported of a transaction in its shares that took place on December 8, 2015.

As a result of the transaction, Morgan Stanley & Co. International plc has a direct holding of 7,822,037 shares, equivalent to the same number of voting rights, in the broker. Following the transaction, Morgan Stanley & Co. International plc’s direct holding in Plus500 is 6.81% compared with a stake below 5% prior to the transaction.

The increase of the holding happens shortly after the cancellation of the merger with Playtech PLC (LON:PTEC). Plus500’s share price has gone up since the deal was called off. Earlier this month, JPMorgan Chase & Co. (NYSE:JPM) increased its stake in Plus500 to 10.03%.

One share in Plus500 traded per 414.97p at today’s market close, up 0.90% on the day.

plus500_inside_dec10

Chart source: Google Finance.

To view the official regulatory filing on the shares transaction, click here.

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Morgan Stanley takes stake in Plus500 to 6.81%

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