Non-exec director Daniel King buys 13,259 shares in Plus500

Forex and CFD broker Plus500 Ltd (LON:PLUS) has just reported of a transaction in its shares.

According to the regulatory filing, on November 24, 2015, Mr. Daniel King, a non-executive director of the broker, purchased 13,259 ordinary shares of NIS 0.01 each in the company at a price of 339.38 pence per share.

Following the transaction, Mr. King has a direct and indirect interest in 13,259 Ordinary Shares, representing about 0.01% of Plus500’s issued share capital.

The transaction is reported only a day after the proposed acquisition of Plus500 by Playtech PLC (LON:PTEC) was called off due to timing of the regulatory decision of the UK Financial Conduct Authority (FCA). The price of shares in both companies fell steeply after the announcement on the merger agreement termination but Plus500 managed to erase some of the losses soon afterwards.

At the moment of publication of this article one share in Plus500 trades per 349p, up 6.08% since market opening.


Chart source: Google Finance.

To view the official announcement on the share transaction, click here.

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