Plus500 confirms transfer from AIM to Main Market of LSE

In line with previous reports about plans by retail Forex broker Plus500 Ltd (LON:PLUS) to shift to LSE’s Main Market, the company has earlier today confirmed this transfer.

Today’s announcement by Plus500 says that effective 8.00 am today, its entire ordinary share capital, being 114,888,377 ordinary shares of NIS0.01 each, of which 980,146 are held in treasury , will be admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on London Stock Exchange plc’s main market for listed securities. As a result, trading in Plus500’s shares on the AIM market of London Stock Exchange plc will be cancelled.

The broker says it is not raising any funds or issuing any new shares in connection with the admission. No shares have been offered or marketed to the public in the UK or elsewhere in connection with the admission or the publication of the related prospectus. The company notes that its shares will continue to be registered with their existing ISIN number IL0011284465 and SEDOL number BBT3PS9. Plus500’s TIDM code on the London Stock Exchange will continue to be PLUS.

The share capital of the broker following the admission is 114,888,377 shares of which 980,146 are held in treasury. Existing shareholders need take no further action to maintain their existing holdings as this change only affects the platform the ordinary shares are traded on.

Asaf Elimelech, Chief Executive Officer, commented:

“We are thrilled to confirm our listing and admission to trading on the London Stock Exchange’s Main Market. This development is expected to enhance the liquidity of the Company’s shares and provide a greater range of potential investors for the Company both in the UK and overseas, reflecting the global nature of our business. Our move up today represents the next chapter in our growth story, as we continue to expand and diversify our sources of earnings by adding new international licences.”