Plus500 continues to buy back shares

Maria Nikolova

The transactions are in line with the terms of its share buyback program announced on August 13, 2019.

Online trading company Plus500 Ltd (LON:PLUS) has earlier today announced that, in accordance with the terms of its latest share buyback program, the company purchased 69,900 of its ordinary shares of ILS 0.01 each through Credit Suisse Securities (Europe) Limited.

The date of purchase is August 23, 2019. The volume weighted average price paid per share (Gbp) is 714.87.

The brokerage will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 113,029,194 (excluding treasury shares), and the company will hold 1,859,183 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 113,029,194.

The company also purchased its own shares on August 19th, August 20th, August 21stand August 22nd.

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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