BlackRock picks up $152 million, 7% stake in CFD broker Plus500 LeapRate

September 25, 2018 BY LeapRate Staff

BlackRock picks up $152 million, 7% stake in CFD broker Plus500

LeapRate has learned via regulatory filings that FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has acquired another large institutional shareholder, with US investment giant BlackRock Inc. (NYSE:BLK) picking up a 7.02% interest in Plus500. At current market prices of £14.48 for PLUS the BlackRock stake in Plus500 is worth £115.8 million (USD $152 million). Most of the…

September 13, 2018 BY LeapRate Staff

Exclusive: Luxembourg private label fund manager Axxion takes 5% position in Plus500

LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…

September 07, 2018 BY LeapRate Staff

Plus500 founders unload more than half their remaining stake pocketing £145 million

Almost immediately following the expiry of the 180 day lockup which they agreed to following their last share sale in early March 2018, the founding group of Plus500 shareholders have announced that they have sold another chunk of stock, representing more than half of their remaining collective stake in the company. In total, the shareholder…

June 12, 2018 BY LeapRate Staff

Exclusive: Morgan Stanley sells 6% stake in Plus500 as shares soar

LeapRate Exclusive... LeapRate has learned via regulatory filings that US based investment banking giant Morgan Stanley (NYSE:MS) has cut its long-held position in FCA regulated CFD broker Plus500 Ltd (LON:PLUS) from 6% to under 3%. Morgan Stanley has been a long-term shareholder in Plus500, with its position in the company hovering at around 6% for…

March 02, 2018 BY LeapRate Staff

Plus500 founders complete £80M sale, shares down 7%

Further to our report last night that the founding group of CFD broker Plus500 Ltd (LON:PLUS) was planning to sell some of its stake in the company in a secondary share sale organized by broker Liberum Capital, Plus500 this morning announced that the deal was completed, on the terms which were expected. Plus500's founders (see list below)…

March 01, 2018 BY LeapRate Staff

Plus500 founders to cash out another £80 million in secondary share sale

After the close of trading Thursday afternoon, CFD broker Plus500 Ltd (LON:PLUS) announced that a group of its founders, none of whom is involved any more in the day-to-day management of the business, are selling about a third of their remaining aggregate holdings in the company, in a secondary share sale organized by broker Liberum Capital.…

January 16, 2017 BY LeapRate Staff

Morgan Stanley ups position in CFD broker Plus500 to 6.3%

LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard last month following new proposed rules unveiled…

January 06, 2017 BY LeapRate Staff

Odey Asset Management hedge fund loses 50% in 2016

Investment management firm Odey Asset Management, which oversees nearly $8 billion in assets and is the largest shareholder in CFD broker Plus500 Ltd (LON:PLUS), apparently had a disastrous 2016. Bloomberg is reporting that Odey disclosed in an investor letter that its main hedge fund lost 49.5% of its value in 2016, thanks to incorrect bearish…

December 13, 2016 BY LeapRate Staff

Odey continues to believe in Plus500, stake now above 23%

UK investment manager Odey Asset Management LLP has continued to buy shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS), building its stake as Plus500's largest shareholder to a more than 23% interest in the company. Odey began buying Plus500 shares early last week in the wake of Plus500's 28% share price drop, following revelations that…

December 09, 2016 BY LeapRate Staff

Odey continues to buy Plus500 shares, up to 22.4% holding

Taking advantage of the recent steep price drop in Plus500 Ltd (LON:PLUS) shares, UK investment manager Odey Asset Management LLP has continued to build its stake in the CFD broker. LeapRate has learned via regulatory filings that Odey acquired another 1.29 million Plus500 shares on Wednesday, spending about £4.8 million (USD $6.1 million) and accounting for…

Tag: Plus500 shareholders