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Pin to quick picksPlus500 Share News (PLUS)

Share Price Information for Plus500 (PLUS)

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4808.00    6.00 (0.12%)
Bid:
4814.00
Ask:
4822.00
Spread: 8.00 (0.166%)
Market Cap: £3.34b
PLUS Live PriceLast checked at - London Stock Exchange

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Plus500 shareholders approve Playtech offer

Thu, 16th Jul 2015 15:53
(ShareCast News) - Contracts-for-difference trading company Plus500 said its shareholders have agreed to Playtech's 400p per share offer.Plus500 said 93.4% of the votes cast at the special general meeting were in support of the offer, representing 71.8% of the company's total voting power.Still, the deal is conditional on the approval of regulators and Playtech shareholders.Playtech - a gambling company set up by Israeli billionaire Teddy Sagi - welcomed the approval.The company's chief executive officer, Mor Weizer, said: "We are delighted to have secured the support of Plus500's shareholders. The combination of TradeFX and Plus500 will enable us to apply our market-leading products and services to the enlarged financial trading business as we continue to execute our growth strategy for the group."Playtech said it expects to issue a circular to shareholders later this month convening a general meeting to seek approval for the acquisition of Plus500.At 15:05, Playtech shares were down 0.1% at 880.50p, while Plus500 was off 0.5% at 386.25p.

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