Transaction in Own Shares

RNS Number : 4594Q

Plus500 Limited

28 October 2021

 

28 October 2021

Plus500 Ltd.

("Plus500" or "the Company")

 Transaction in Own Shares

Plus500, a global multi-asset fintech group operating technology-based trading platforms, announces that, in accordance with the terms of its share buyback programme announced on 17 August 2021 ("Share Buyback Programme"), the Company purchased the following number of its ordinary shares of ILS 0.01 each through Liberum Capital Limited.

Date of purchase:	27 October 2021
Aggregate number of ordinary shares of ILS 0.01 each purchased:	54
Lowest price paid per share (GBp):	1,463.00
Highest price paid per share (GBp):	1,465.50
Volume weighted average price paid per share (GBp):	1,465.45

The Company will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 100,684,264 (excluding treasury shares), and the Company will hold 14,204,113 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 100,684,264. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.  

The purchase of ordinary shares referred to above concludes the Share Buyback Programme. The total number of ordinary shares purchased pursuant to the Share Buyback Programme was 647,266 at an aggregate cost of US$ 12.6 million.

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Liberum Capital Limited as part of the Share Buyback Programme.

Individual transactions:

Number of shares purchased	Transaction price (pence per share)	Time of transaction	Venue
53	1,465.50	08:05:50	LSE
1	1,463.00	08:07:34	LSE

For further details Plus500 Ltd Elad Even-Chen, Chief Financial Officer Rob Gurner, Head of Investor Relations [phone] [phone] [e-mail] MHP Communications Reg Hoare, Rachel Mann, Pete Lambie [phone] [e-mail]

About Plus500

Plus500 is a global multi-asset fintech group operating technology-based trading platforms. Plus500 offers customers a range of trading products, including Contracts for Difference ("CFDs") and share dealing, as well as futures and options on futures in the US.

The Group retains operating licenses and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore and the Seychelles and through its CFDs product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade CFDs in more than 50 countries and in 30 languages. Plus500 does not permit persons located in the US to trade CFDs.

In   July 2021, the Company acquired Cunningham Commodities LLC, a Futures Commission Merchant, and Cunningham Trading Systems LLC, a technology trading platform provider, both of which operate in the futures and options on futures market in the US, enabling Plus500 immediate access to that sizable and growing market. Also in 2021, the Company launched a new share dealing platform, 'Plus500 Invest', across a number of product offerings, including a wide range of financial instruments comprising of the world's most popular equities and ETFs, listed on major exchanges worldwide.

Plus500 does not utilise cold calling techniques and does not offer binary options. Plus500's trading platforms are accessible from multiple operating systems (Windows, iOS, Android and Surface) and web browsers. Customer care is and has always been integral to Plus500, as such, customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for CFD platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure, and stop losses to help customers protect profits, while limiting capital losses.

Plus500 shares have a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index.   www.plus500.com

 

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