Pre-close Trading Update

RNS Number : 4886L

Plus500 Limited

27 December 2018

 

27 December 2018

Plus500 Ltd.

("Plus500" or "the Group")

Pre-close Trading Update

Plus500, a leading online service provider for trading Contracts for Differences ("CFDs") internationally, is pleased to announce that the strong momentum, previously referred to in its trading update on 20 November 2018, has been maintained through to the year end.  The Group has continued to perform well since the implementation in August of regulatory changes by the European Securities and Markets Authority (ESMA).

Accordingly, with the year ended 31 December 2018 almost complete, the Board anticipates the financial performance will be ahead of current market expectations.

Plus500's robust financial performance for the year is a result of ongoing innovation and strong operational performance, supported by the momentum from the end of the prior year and significant market volatility during the fourth quarter of 2018.

Asaf Elimelech, Chief Executive Officer of Plus500, commented: 

"2018 was a landmark year for the Group, during which Plus500 was admitted to the Main Market and joined the FTSE250 Index.  We are delighted, in such a momentous year, to have delivered both strong operational performance and record financial results.  Our focus remains on gaining market share in our current markets and growing rapidly in new jurisdictions by acquiring, engaging and retaining high value customers.  We very much look forward to updating shareholders with our Full Year 2018 results on 12 February 2019."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 

For further details:

Plus500 Ltd Elad Even-Chen, Chief Financial Officer Kieran McKinney, Investor Relations [e-mail]	Tel: [phone]
Liberum - Joint Broker Clayton Bush, Christopher Britton, Josh Hughes, William Hall www.liberum.com	Tel: [phone]
Berenberg - Joint Broker Chris Bowman, Mark Whitmore www.berenberg.de/en	Tel: [phone]
MHP Communications Reg Hoare, Tim Rowntree, Kelsey Traynor, Pete Lambie [e-mail]	Tel: [phone]

Forward looking statements

This announcement contains statements that are or may be forward-looking statements.  All statements other than statements of historical facts included in this announcement may be forward-looking statements, including statements that relate to the Company's future prospects, developments and strategies.

The Company does not accept any responsibility for the accuracy or completeness of any information reported by the press or other media, nor the fairness or appropriateness of any forecasts, views or opinions express by the press or other media regarding the Group. The Company makes no representation as to the appropriateness, accuracy, completeness or reliability of any such information or publication.

Forward-looking statements are identified by their use of terms and phrases such as "believe", "targets", "expects", "aim", "anticipate", "projects", "would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions.  The forward looking statements in this announcement are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.  Factors that may cause actual results to differ materially from those expressed or implied by such forward looking statements include, but are not limited to, those described in the risk factors.  These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of such entity and the environment in which each will operate in the future.  All subsequent oral or written forward-looking statements attributed to the Company or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above.

Each forward-looking statement speaks only as at the date of this announcement.  Except as required by law, regulatory requirement, the Listing Rules and the Disclosure Guidance and Transparency Rules, neither the Company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

About Plus500

Plus500 operates an online trading platform for individual customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, ETFs, cryptocurrencies and foreign exchange. Individual customers of Plus500 can trade CFDs in more than 50 countries and in 32 languages. The trading platform is also accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone), tablets (iOS, Android and Surface) and web browsers). Plus500 retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa and Singapore.  Customer care is integral to Plus500: customers cannot be subject to negative balances and there are no commissions on trades. Plus500 does not utilise cold calling techniques and does not offer binary options.  A free demo account is available on an unlimited basis for platform users and sophisticated risk management tools are provided free of charge to manage your leveraged exposure and stop losses to help customers protect profits and limit capital losses.www.plus500.com

 

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