Plus500 presses ahead with share buyback program, purchases 252,926 shares in one week

Maria Nikolova

The shares were acquired in line with the share buyback program announced in August 2019.

Online trading company Plus500 Ltd (LON:PLUS) continues to buy back shares under the program announced in August 2019. As per the latest regulatory filings with the London Stock Exchange, the brokerage bought back 252,926 shares last week in line with the program.

  • On October 7, 2019, the brokerage bought 44,523 of its shares at volume weighted average price paid per share (Gbp) of 772.81.
  • On October 8, 2019, Plus500 bought 34,259 of its shares, with the volume weighted average price paid per share being 765.98.
  • On October 9, 2019, the brokerage bought 46,381 shares, with the volume weighted average price paid per share being 772.83.
  • On October 10, 2019, the company bought 63,763 of its shares, with the volume weighted average price paid per share being 772.18.
  • On October 11, 2019, the brokerage bought back 64,000 of its shares at volume weighted average price paid per share of 784.67.

The company will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 111,248,459 (excluding treasury shares), and the company will hold 3,639,918 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 111,248,459.

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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