Plus500 Ltd - Haifa, Israel-based online trading platform - Launches a new share buyback programme to purchase up to a further USD50.0 million of its shares. Says the programme will run alongside its most recent share buyback programme of USD55.0 million. "The purpose of the new share buyback programme is to further highlight the board's continued confidence in the future prospects of Plus500 and reflects its strong financial position...This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the group continues to make further progress on its strategic roadmap," says Plus500.
Current stock price: 1,585.00 pence, up 1.0% on Wednesday
12-month change: up 4.8%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Plus500 (PLUS)