Plus500 acquires further 123,858 shares in just two days in accordance with share buyback program

Maria Nikolova

The brokerage acquired 63,858 shares on August 28, 2019, and 60,000 shares on August 27, 2019, in line with its share buyback program announced earlier this month.

Online trading company Plus500 Ltd (LON:PLUS) has bought 123,858 shares since the start of this week, according to the latest RNS filings by the brokerage.

On August 28, 2019, the company bought 63,858 of its shares, with the volume weighted average price paid per share (Gbp) at 705.76. On August 27, 2019, the company bought 60,000 shares with the average price being 714.92.

The purchases are in n accordance with the terms of Plus500’s share buyback program announced on August 13, 2019. The shares are all purchased through Credit Suisse Securities (Europe) Limited.

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 112,905,336 (excluding treasury shares), and the company will hold 1,983,041 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 112,905,336.

Plus500 has been buying its shares every business day since August 19, 2019.

Let’s recall that, under the plans unveiled on August 13, 2019, Plus500 will conduct a material share buyback program to purchase up to $50 million of its shares. The share buyback program will run to March 31, 2020 or, if earlier, the date of the announcement of the company’s preliminary results for the financial year to end-December 2019.

Read this next


BlockDAG’s Revolutionary Dev Release 36: Off-Chain PoW and a $30 Projection by 2030

Explore BlockDAG’s latest off-chain PoW innovation and its $32M presale success. Projected to reach $30 by 2030.


30,000x ROI Potential: BlockDAG Secures $33.5M in Presale, Outruns Retik Finance’s Bitmart Performance

Uncover how BlockDAG’s impressive $33.5M presale and its innovative platform draw investors away from Retik Finance following the Bitmart listing.


IT Professional Switches to Lucrative Crypto Mining Entrepreneur with BlockDAG’s Advanced Mining Technology

Learn how an IT pro turned Litecoin mining into a fortune. See if BlockDAG can match this with advanced mining tech and 30,000X ROI potential.


May 2024 Crypto Spotlight: Why Whales Are Choosing BlockDAG Over Retik Finance, Will CoinW & P2B Listing Save $RETIK?

Uncover why BlockDAG is winning over smart investors in May 2024, and surpassing Retik Finance’s performance on exchanges like CoinW and P2B.


Ethereum Leads Altcoins Toward a Huge Rally: Expert Top Picks for Altseson Unveiled

A fresh surge in alternative cryptocurrencies is building momentum as Ethereum leads the charge.


BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution

On May 20, 2024, the Bitcoin Layer2 development team BEVM released the technical yellow paper titled “Taproot Consensus: A Decentralized BTC Layer2 Solution.”


AI Cryptos to Pump Hard After NVIDIA’s Q1 Earnings 📊

The recent earnings from a tech giant have hinted at a significant upswing for AI-focused cryptocurrencies.

Retail FX

Weekly Roundup: Republican to end Fed, Bankman-Fried moves to California

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.


BlockDAG’s $32.8M Presale Outshines Retik Finance’s MEXC Listing, Featuring Cutting-Edge Dashboard Innovations

Explore how BlockDAG’s innovations overshadow Retik Finance’s MEXC debut, attracting investors to its vibrant platform for unparalleled gains.