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.

Read this next

Digital Assets

PENG Crypto Listing Hits Jupiter, Synthetix Rises: BlockDAG’s 10,000x Surge Positions it as the Top Crypto to Buy in April 2024

The PENG crypto listing on Jupiter Exchange marks a vibrant phase for the Solana-based meme token, showcasing its community’s resilience amidst market challenges. Synthetix price prediction becomes increasingly compelling as it marks a notable ascent in the crypto markets.

Digital Assets

Binance executives sue Nigerian authorities over rights violation

Two senior executives from Binance have filed a lawsuit against against Nigeria’s national security adviser’s office and its anti-corruption agency, alleging violations of their fundamental rights.

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. 

<