Note

Plus500 Spends Nearly £400K on 26,500 of Own Ordinary Shares

· Views 620

In particular, Plus500 repurchased 26,500 of its own ordinary shares, each through Credit Suisse Securities (Europe) Limited, on Monday the 14th of September 2020.

According to the document published via the news service of the London Stock Exchange (LSE) this Tuesday, the volume weighted average price paid per share by Plus500 was £14.93. Therefore, the Israel based broker spent around £395,735.10.

Across the 26,500 shares that were bought by Plus500, the lowest price paid per share by the company was about £14.80 and the highest price paid per share by the company was £15.06.

“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 105,385,343 (excluding treasury shares), and the company will hold 9,503,034 ordinary shares in treasury,” Plus500 said in its statement filed through the LSE earlier today.

Plus500 share buyback commenced in August

Plus500’s most recent share buyback program started on the 11th of August 2020. In its latest round, the trading company is planning on repurchasing $67.3 million worth of its own shares. It will run from 11th August 2020 up until 28th February 2021. It is possible for the broker to end the program earlier on the date of the announcement of its preliminary results for the year ended 31st December 2020.

In its prior share buyback program, before the one announced earlier this year in August, the contracts for difference (CFD) trading provider repurchased $38.9 million worth of its own ordinary shares. The program concluded during the first half of 2020.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

oh okay!
cool!
oh cool!

-THE END-