tiprankstipranks
Plus500 Executes Share Buyback to Optimize Capital Structure
Company Announcements

Plus500 Executes Share Buyback to Optimize Capital Structure

Story Highlights

Stay Ahead of the Market:

Plus500 ( (GB:PLUS) ) has shared an announcement.

Plus500 Ltd. has announced a transaction in its own shares as part of its share buyback programme, purchasing 39,299 ordinary shares to be held in treasury. This move reduces the number of shares in circulation, potentially increasing the value for existing shareholders and underlining Plus500’s commitment to managing its capital structure effectively. The resulting total voting rights in the company will be 74,036,047, which shareholders can use for interest calculations under the FCA’s rules.

More about Plus500

Plus500 is a global fintech group that operates proprietary technology-based trading platforms, offering multi-asset trading services. The company is focused on providing its services through innovative technology to a diverse market.

YTD Price Performance: -1.40%

Average Trading Volume: 163,794

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £1.95B

For detailed information about PLUS stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App