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.

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