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Pin to quick picksPlus500 Regulatory News (PLUS)

Share Price Information for Plus500 (PLUS)

London Stock Exchange
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Share Price: 2,158.00
Bid: 2,162.00
Ask: 2,166.00
Change: 38.00 (1.79%)
Spread: 4.00 (0.185%)
Open: 2,130.00
High: 2,176.00
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Sale of c.9.4 million Existing Ordinary Shares

6 Sep 2018 13:59

RNS Number : 0246A
Plus500 Limited
06 September 2018
 

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ISRAEL OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

 

Plus500 Limited

("Plus500" or "the Company")

 

Sale of c.9.4 million Existing Ordinary Shares in Plus500

Plus500, a leading online trading platform provider for retail customers to trade CFDs internationally, announces that the founders of the Company, Alon Gonen1, Gal Haber2, Elad Ben-Izhak3, Omer Elazari and  Shlomi Weizmann (the "Founders") have notified Plus500 that, in response to significant demand from a small number of institutional investors, they intend to sell today c. 9.4 million existing ordinary shares (the "Sale Shares") in the capital of the Company at a price of £15.50 per Sale Share. The Sale Shares represent c. 8% of the Company's issued share capital and is expected to raise gross proceeds of c. £145 million for the Founders.

Any Sale Shares will be sold through Liberum Capital Limited ("Liberum") to a limited number of investors. Plus500 is not a party to the transaction and will not receive any proceeds from the sale of the Sale Shares.

After completion of the transaction, the Founders will continue to hold in aggregate approximately 8% of the issued share capital of the Company. The Founders intention to sell reflects their desire to diversify their investments whilst raising funds for personal reasons.

The Founders have agreed not to sell any further ordinary shares they hold in the capital of the Company for a period of 90 days after completion of the transaction, subject to waiver by Liberum at its sole discretion.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR").

(1) The shares are registered in the name of Sparta24 Ltd.

(2) The shares are registered in the name of Wavesoft Ltd.

(3) The shares are registered in the name of Smarty Ltd.

 

For further details:

Plus500 Ltd

Elad Even-Chen, Chief Financial Officer

ir@Plus500.com

Tel: +972-4-8189503

 

Liberum

Clayton Bush, Christopher Britton, Josh Hughes, William Hall

www.liberum.com

Tel: 020 3100 2222

 

MHP Communications

Reg Hoare, Tim Rowntree, Kelsey Traynor

plus500@mhpc.com

Tel: 020 3128 8100

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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