Plus500 Ltd - London-based financial technology and online trading company - Launches buyback programme for up to USD100.0 million of the company's shares. The buyback will commence once Plus500's existing USD60.0 million buyback programme, announced in August, is complete. The maximum number of shares that may be repurchased is 4.8 million, the company says.
Plus500 says that the purpose of the buyback is to "further highlight the board's continued confidence in the future prospects of Plus500, reflecting the group's robust financial position and ability to deliver strong future shareholder returns."
Current stock price: 1,840.99 pence per share, up 2.9% in London on Thursday morning.
12-month change: up 1.8%
By Hugh Cameron, Alliance News reporter
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Plus500 (PLUS)