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The latest update is out from Plus500 ( (GB:PLUS) ).
Plus500 Ltd. has initiated a new $110 million share buyback program set to begin once the current program is completed. This move, part of a $200 million shareholder returns initiative, reflects the company’s robust financial health and confidence in its future prospects. The buyback program, which will be managed by Panmure Liberum Limited, underscores Plus500’s commitment to delivering strong shareholder returns and maintaining operational and financial momentum. The program will operate under the established terms of the Market Abuse Regulation and applicable UK laws, with repurchased shares held in treasury without dividend or voting rights.
More about Plus500
Plus500 is a global multi-asset fintech group that operates proprietary technology-based trading platforms. The company offers a variety of trading products such as Contracts for Difference (CFDs), share dealing, and futures and options on futures. Plus500 serves customers across more than 60 countries with over 2,500 financial instruments, including equities, indices, commodities, ETFs, foreign exchange, and cryptocurrencies. The company is listed on the London Stock Exchange and is part of the FTSE 250 Index and the STOXX Europe 600 Index.
YTD Price Performance: 4.95%
Average Trading Volume: 167,902
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.09B
Find detailed analytics on PLUS stock on TipRanks’ Stock Analysis page.
