The investment giant sold 604,810 shares in the UK CFD broker, reducing its stake from 8.49% to 7.96%.
Tag: Plus500 shareholders
The investment bank has notified of a purchase of more than 3.6 million shares in the broker, thus taking its stake in Plus500 above 8%.
The largest individual shareholder in Plus500 says Playtech’s bid of 400p per share is opportunistic and is exploiting current regulatory issues and risks.
The wealth manager now has control over 25.49% of the voting rights in the broker, following a CFD purchase that took place on June 1, 2015.
On June 1, 2015, the investment bank notified of a purchase of 837,139 shares in Plus500, taking its stake in the broker to 5.3%.
The wealth manager increased its stake in Plus500 on May 29, 2015, that is, before the news of the acquisition of the broker by Playtech.
As of May 15, 2015, the investment bank held 7,100,879 shares or 6.18% of the issued share capital of the retail FX and CFD broker.
According to the official TR-1 report filed with the London Stock Exchange, CF Odey Absolute Return Fund holds 10.32%, and all other funds hold less than 3%.
Crispin Odey’s wealth management shop has put about 1% of its assets into the online Forex and CFD broker.
Is the honeymoon with investors over for the AIM-listed former stock market darling?
