Alon Gonen, Yevgeni Shtuckmeyster buy shares in Plus500

Maria Nikolova

Alon Gonen has acquired 468,469 more shares in Plus500, whereas Yevgeni Shtuckmeyster has acquired 6,953 shares in the brokerage.

Online trading company Plus500 Ltd (LON:PLUS) has just reported that it has been notified that certain PDMRs have acquired shares of NIS 0.01 each in the company.

Plus500’s co-founder Alon Gonen has acquired 468,469 shares (through Sparta 24 Ltd.), whereas Yevgeni Shtuckmeyster, the CEO of Plus500IL Ltd. has acquired 6,953 shares in Plus500 Ltd.

The transactions are announced just days after the brokerage announced that a number of its senior executives acquired Plus500 Ltd shares.

  • Asaf Elimelech, CEO of Plus500 Ltd, acquired 460 shares in the brokerage at a price of £6.8200 per share and 30,000 shares at a price of £6.8370. The transactions were executed on August 14, 2019.
  • Elad Even-Chen, CFO of Plus500 Ltd, acquired 30,460 shares at a price of £6.858 per share. The transactions were executed on August 14, 2019.
  • Mark Winton, CEO of Plus500UK Ltd, acquired 7,546 shares at a price of £6.62529 per share on August 13, 2019.
  • Ofir Chudin, CEO of Plus500CY Ltd, acquired 7,306 shares in Plus500 Ltd, whereas Sean Murphy, CEO of Plus500AU Pty. Ltd, bought 1,000 shares.

Last week, Plus500 Ltd posted its results for the first half of 2019, with revenues and profits markedly down from a year earlier.

For the six months ended 30 June 2019, net profit was $51.6 million, down 80% from the $261.7 million registered in the equivalent period in 2018. Revenues in the first half of 2019 amounted to $148 million, down 68% from $465.5 million registered in the first half of 2018. The company blamed the drop on the low volatility within the first quarter of 2019.

The Board announced an interim dividend of $0.2734 per share (H1 2018: $1.3786), a total pay-out of $31 million, representing 60% of net profit in the period. The ex-dividend date is 29 August 2019, the record date 30 August 2019 and payment date 28 November 2019.

Further, the Board announced a share buyback program to purchase up to $50 million of the Company’s shares.

  • Read this next

    Retail FX

    Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

    Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

    Retail FX

    Lark Funding reopens to US traders, MyFundedFX picks cTrader

    Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

    Institutional FX

    Cboe FX volume falls to lowest level since summer

    Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

    Retail FX

    ThinkMarkets secures lucrative DFSA license in Dubai

    Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

    Digital Assets

    New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

    Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

    Digital Assets

    Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

    Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

    Digital Assets

    Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

    Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

    Institutional FX

    Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

    Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

    Industry News

    Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

    In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.

    <