Plus500 buys back 198,813 shares in one week

Maria Nikolova

The transactions are in accordance with the terms of Plus500’s share buyback program announced in August.

Online trading company Plus500 Ltd (LON:PLUS) has bought a total of 198,813 shares during the period from September 9, 2019, to September 13, 2019, according to the latest RNS filings by the brokerage. All of the transactions are in line with a share buyback program the brokerage announced on August 13, 2019.

  • On September 9, 2019, the company bought back 42,973 of its shares, with the volume weighted average price paid per share (Gbp) at 708.99.
  • On September 10, 2019, the brokerage bought 60,486 of its shares, with the volume weighted average price paid per share being 708.94.
  • On September 11, 2019, Plus500 bought back 68,000 of its shares, with the volume weighted average price per share being 731.29.
  • On September 12, 2019, the company bought 7,158 of its shares at volume weighted average price per share of 738.36.
  • On September 13, 2019, the brokerage bought back 20,196 shares, with the volume weighted average price per share being 755.76.

Plus500 says it will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 112,285,846 (excluding treasury shares), and the company will hold 2,602,531 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 112,285,846.

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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