Breaking News
Plus500 Ltd
Further to the announcement previously made by Plus500 Ltd (“PLUS” the “Company” and together with its subsidiary undertakings, the “Group”) on 24 May 2018, the Company is pleased to confirm that, effective 8.00 am today, its entire ordinary share capital, being 114,888,377 ordinary shares of NIS0.01 each (“Ordinary Shares”), of which 980,146 are held in treasury , will be admitted to the premium listing segment of the Official List of the UK Listing Authority (the “Official List”) and to trading on London Stock Exchange plc’s main market (“Main Market”) for listed securities (together, “Admission”) and trading in the Company’s shares on the AIM market of London Stock Exchange plc (“AIM”) will be cancelled.
The Company is not raising any funds or issuing any new shares in connection with Admission. No shares have been offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the related prospectus. The Company’s shares will continue to be registered with their existing ISIN number IL0011284465 and SEDOL number BBT3PS9. The Company’s TIDM code on the London Stock Exchange will continue to be PLUS. The share capital of the Company following Admission is 114,888,377 shares of which 980,146 are held in treasury.
Shareholders should therefore use 113,908,231 (being the Company’s issued share capital excluding shares held in treasury) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company .
Existing shareholders need take no further action to maintain their existing holdings as this change only affects the platform the ordinary shares are traded on.
Asaf Elimelech, Chief Executive Officer, said:
“We are thrilled to confirm our listing and admission to trading on the London Stock Exchange’s Main Market. This development is expected to enhance the liquidity of the Company’s shares and provide a greater range of potential investors for the Company both in the UK and overseas, reflecting the global nature of our business. Our move up today represents the next chapter in our growth story, as we continue to expand and diversify our sources of earnings by adding new international licences.”
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