Cancellation of Admission to AIM

RNS Number : 2661A

Plus500 Limited

25 September 2015

 



Plus500 Ltd.

("Plus500", "the Company" or "the Group")

Cancellation of Admission to AIM

As disclosed by the Company in its announcement dated 18 September 2015, the recommended cash acquisition of Plus500 by Playtech PLC ("Playtech") (the "Acquisition") is taking longer than had originally been anticipated. The statutorily required regulatory assessment of the Acquisition should be completed by the end of November 2015 but Playtech and Plus500 remain hopeful for an October 2015 completion.

Further to this announcement, the Company confirms that cancellation of admission of Plus500 Shares to trading on AIM is expected to incur a corresponding delay. The Company will update the market in due course.

For further information please contact:

Plus500 Ltd                                                                                                                           [phone]

Elad Even-Chen, Finance Director, VP Business Development and Head of Investor Relations   

[e-mail]

Liberum - Nomad and Broker                                                                                [phone]

Clayton Bush/Christopher Britton/Josh Hughes

MHP Communications                                                                                         [phone]

Reg Hoare/Tim Rowntree/Charlie Bristow

[e-mail] 

About Plus500

Company website: www.plus500.com

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2000 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices and commodities. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone) and tablets (iOS, Android and Surface)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into over 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.

 

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