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.

Read this next

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

<