Plus500 starts $60m share buyback
Contracts-for-difference trading platform Plus500 announced the terms of its new $60m share buyback programme on Wednesday, immediately on the back of the completion of its $70m repurchase.
Financial Services
13,942.16
17:05 30/04/24
0.52%
72.76
FTSE 250
19,965.39
17:04 30/04/24
n/a
n/a
FTSE 350
4,476.48
17:05 30/04/24
n/a
n/a
FTSE All-Share
4,430.25
17:14 30/04/24
n/a
n/a
Plus500 Ltd (DI)
2,162.00p
17:05 30/04/24
-0.55%
-12.00p
The FTSE 250 company said it was planning to buy back shares worth up to $60m, with a cap of 8,032,980 shares.
It said the buybacks would take place as open market transactions, adding that all repurchased shares under the programme would be retained in treasury.
Reporting by Josh White for Sharecast.com.