Cancellation of Admission to AIM

RNS Number : 3782X

Plus500 Limited

28 August 2015

 



Plus500 Ltd.

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

Cancellation of Admission to AIM

As disclosed in the Information Statement posted to Shareholders on 11 June 2015, immediately following the completion of the Merger, which remains subject to the satisfaction of certain conditions, Brighttech, which will be the sole shareholder of Plus500 following the Merger, intends to cancel the admission of Plus500 Shares to trading on AIM ("Cancellation") as soon as possible thereafter.

In accordance with AIM rule 41, the Company hereby gives notice of the intended Cancellation which, subject to completion of the Merger, will take place no earlier than 7:00 a.m. on 28 September 2015. Further updates will be made in due course although, for the avoidance of doubt, if the Merger fails to complete Cancellation will not take place.

Unless otherwise defined herein, capitalized terms in this announcement have the meanings ascribed to them in the Information Statement posted to Shareholders on 11 June 2015.

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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