Result of sale

RNS Number : 0297A

Plus500 Limited

06 September 2018

 

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ISRAEL OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Plus500 Limited

("Plus500" or "the Company")

Result of Sale of 9.39 million Existing Ordinary Shares in Plus500

Further to the announcement made earlier today, Plus500 Ltd. announces that the founders of the Company (the "Founders") have notified Plus500 that they have sold an aggregate of 9.39 million ordinary shares in the capital of the Company at a price of £15.50 per share raising aggregate gross proceeds of £145,545,000 for the Founders through Liberum Capital Limited ("Liberum"). The shares were sold at a discount of 2.27% to yesterday's closing price of £15.86.

The Founders have agreed not to sell any further ordinary shares they hold in the capital of the Company for a period of 90 days after completion of the transaction, subject to waiver by Liberum at its sole discretion.

Details of the number of shares sold by the Founders are as follows:

		Resultant shareholding after Sale Shares have been sold
Founder	Number of Shares Sold	Shares	%
Alon Gonen1	5,100,000	3,391,539	2.98%
Gal Haber2	1,200,000	1,805,457	1.59%
Elad Ben-Izhak3	1,290,000	1,715,457	1.51%
Omer Elazari	900,000	928,683	0.82%
Shlomi Weizmann	900,000	928,683	0.82%
Total	9,390,000	8,769,819	7.70%

⁽¹⁾ The shares are registered in the name of Sparta24 Ltd.

⁽²⁾ The shares are registered in the name of Wavesoft Ltd.

⁽³⁾ The shares are registered in the name of Smarty Ltd.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR").

Company website: www.plus500.com

For further details:

Plus500 Ltd

Elad Even-Chen, Chief Financial Officer

[e-mail]

Tel: [phone]

Liberum

Clayton Bush, Christopher Britton, Josh Hughes, William Hall

www.liberum.com

Tel: [phone]

MHP Communications

Reg Hoare, Tim Rowntree, Kelsey Traynor

[e-mail]

Tel: [phone]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alon Gonen1 1The shares are registered in the name of Sparta24 Ltd.
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plus500 Ltd.
b)	LEI	549300X8NGW9C5OJZU13
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of NIS 0.01 par value IL0011284465
b)	Nature of the transaction	Placing of ordinary shares by the company's founders
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.50 5,100,000
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction
e)	Date of the transaction	6 September 2018
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gal Haber1 1The shares are registered in the name of Wavesoft Ltd.
2	Reason for the notification
a)	Position/status	Managing Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plus500 Ltd.
b)	LEI	549300X8NGW9C5OJZU13
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of NIS 0.01 par value IL0011284465
b)	Nature of the transaction	Placing of ordinary shares by the company's founders
c)	Price(s) and volume(s)	Price(s) Volume(s)  £15.50 1,200,000
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction
e)	Date of the transaction	6 September 2018
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Elad Ben-Izhak 1 1The shares are registered in the name of Smarty Ltd.
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plus500 Ltd.
b)	LEI	549300X8NGW9C5OJZU13
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of NIS 0.01 par value IL0011284465
b)	Nature of the transaction	Placing of ordinary shares by the company's founders
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.50 1,290,000
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction
e)	Date of the transaction	6 September 2018
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Omer Elazari
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plus500 Ltd.
b)	LEI	549300X8NGW9C5OJZU13
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of NIS 0.01 par value IL0011284465
b)	Nature of the transaction	Placing of ordinary shares by the company's founders
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.50 900,000
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction
e)	Date of the transaction	6 September 2018
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Shlomi Weizmann
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plus500 Ltd.
b)	LEI	549300X8NGW9C5OJZU13
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of NIS 0.01 par value IL0011284465
b)	Nature of the transaction	Placing of ordinary shares by the company's founders
c)	Price(s) and volume(s)	Price(s) Volume(s) £15.50 900,000
d)	Aggregated information -      Aggregated volume -      Price	Not applicable - single transaction
e)	Date of the transaction	6 September 2018
f)	Place of the transaction	London Stock Exchange

 

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