Information Statement

RNS Number : 8806P

Plus500 Limited

11 June 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Plus500 Ltd.

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

Posting of Information Statement and Notice of Special General Meeting

Further to the announcement of 1 June 2015, Plus500, a leading online service provider for retail customers to trade CFDs internationally, today announces it has posted to Shareholders the Information Statement and Notice of Special General Meeting required to give effect to the recommended cash acquisition of Plus500 Ltd by Playtech plc (the "Acquisition"). The Information Statement and Notice of Special General Meeting to be held in relation to the Acquisition is available also online at the Company's website, www.plus500.com.  

The Special General Meeting is to be held at 11 a.m. on 16 July 2015 at the Regus Offices, Level 9, CityPoint, 1 Ropemaker Street, London EC2Y 9HT. The Directors unanimously recommend that Shareholders vote in favour of the Resolution being proposed at the Special General Meeting.

Alastair Gordon, Chairman, commented:

"The Plus500 board believes that the merger proposal is fair to and in the best interests of Plus500 and its shareholders as a whole and recommends that shareholders vote "for" the merger proposal."

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/Adam Leviton

[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.

IMPORTANT NOTICE:

Liberum, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as nominated adviser and broker to Plus500 and no one else in connection with the Acquisition and other matters referred to in this announcement and will not be responsible to any person other than Plus500 for providing the protections afforded to clients of Liberum nor for giving advice in relation to the Acquisition or any other matter or arrangement referred to in this announcement.

Further information:

This announcement is for information purposes only and does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the Acquisition or otherwise. The Acquisition will be made solely by means of the Information Statement which contains the full terms and conditions of the Acquisition, including details of how the Acquisition can be approved.

Overseas jurisdictions:

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law.  Persons who are not resident in the United Kingdom or who are subject to the laws of other jurisdictions should inform themselves of, and observe, any applicable requirements. Any failure to comply with these restrictions may constitute a violation of securities laws of any such jurisdictions. To the fullest extent permitted by law, Plus500 disclaims any responsibility or liability for the violation of such restrictions by such person.

Persons who are residents in the United Kingdom should inform themselves of, and observe, any applicable legal or regulatory requirements.

 

END

 

 

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