Plus500 buys more of its own shares

Maria Nikolova

The brokerage purchased 17,000 of its own shares in accordance with its share buyback program announced in October 2018.

Just a day after online trading services provider Plus500 Ltd (LON:PLUS) announced the purchase of 10,000 of its own shares, the company reports another transaction in its own shares.

As per today’s report, Plus500 purchased 17,000 of its ordinary shares of ILS 0.01 each through Liberum Capital Limited on June 13, 2019. The transactions are in accordance with the terms of the share buyback programme announced on October 23, 2018.

Source: Plus500 RNS.

Plus500 will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 113,309,768 (excluding treasury shares), and the company will hold 1,578,609 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 113,309,768.

Back in October 2018, when Plus500 provided a Q3 trading update, the company said its Board had approved a program to buy back an initial amount of up to $10 million of the company’s shares in accordance with the authority granted at the company’s AGM. With effect from October 23, 2018, the company has appointed Liberum Capital Limited to manage an irrevocable, non-discretionary share buy-back program to repurchase on its behalf, and within certain parameters.

Read this next

Fintech

Meme stock lawsuit against Robinhood nears resolution

Robinhood’s legal team has reportedly informed a Miami federal court that the settlement with investors suing the company is nearing completion, with expectations for a resolution and dismissal within the next two weeks.

Web3

US arrests Yune Wang for role in 911 S5 botnet scam

A global malware network, linked to the theft of $5.9 billion in Covid relief funds and crypto crimes, has been dismantled, the Department of Justice (DOJ) announced today. The network was also involved in child exploitation, bomb threats, and various cyberattacks.

Digital Assets

US Treasury official clarifies stance on crypto mixing services

The Financial Crimes Enforcement Network (FinCEN) proposed a rule last year to classify convertible crypto mixing as a “class of transactions” with primary money laundering concerns.

Fintech

Robinhood sweetens US crypto offering with trading API

Robinhood has launched a cryptocurrency trading application programming interface (API) for users in the United States. The new API caters to seasoned crypto traders by enabling automated trading strategies, allowing users to react quickly to market movements and trends.

blockdag

After Retik Finance’s 67% Drop, Investors Turn to BlockDAG’s 30,000x ROI Potential to Recover Their Losses

Explore how BlockDAG’s $37M presale is drawing investors while Retik Finance collapses to $0.403.

Digital Assets

Terraform Labs and co-founder Do Kwon reach settlement with SEC

Terraform Labs and its co-founder Do Kwon have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Thursday.

Market News, Tech and Fundamental, Technical Analysis

FTSE 100 Index Technical Analysis Report 30 May, 2024

FTSE 100 Index can be expected to rise further toward the next resistance level 8325.00, which reversed the price earlier this month.

Chainwire

Sui and Atoma Bring the Power of AI to dApp Builders

The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities.

<