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Plus500, a major Europe-regulated forex and CFD broker, informed it has kicked off its $10 million share buyback program, which was announced last week.
According to the company announcement, on June 5, Liberum Capital acquired 22,000 ordinary shares at a price of 547.101 pence per share, on behalf of Plus500. The shares will be held in treasury.
Plus500 notes that, at the date of this announcement, the company’s issued share capital comprises 114,866,377 Shares (excluding 22,000 Shares held as treasury shares), which means that the total number of shares with voting rights is 114,866,377.
According to the previous announcement, the buyback program will run from June 2 till end of August this year and will be funded from Plus500’s net cash balance of $191 million.
Plus500 offers trading in forex, options, contracts for difference (CFDs), commodities, indices, and exchange-traded funds (ETFs). It operates its own online trading platform for CFDs available in over 31 languages on desktop and Android, Windows and iOS mobile operating systems. The broker is regulated in five countries – the UK, Cyprus, Australia, New Zealand, and South Africa.