REG - Plus500 Ltd - Trading Statement

Plus500Announcement

16/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220516:nRSP5319La&default-theme=true

RNS Number : 5319L  Plus500 Limited  16 May 2022

 

16 May 2022
 

Plus500 Ltd.

("Plus500", the "Company" or together with its subsidiaries the "Group")

Trading Update

 

Plus500, a global multi-asset fintech group operating proprietary
technology-based trading platforms, issues the following trading update.

 

Further to the Group's AGM trading update on 3 May 2022, trading in Q2 2022 to
date has continued to be very strong, supported by current market conditions.
Consequently, the Board has increasing confidence around the Group's
performance for FY 2022, and therefore anticipates that Plus500's revenue and
EBITDA for this year will be significantly ahead of current market
expectations 1  (#_ftn1) .

 

The Group's strong performance so far in FY 2022 has also been driven by the
development of new proprietary technologies and product offerings, which will
deliver growth and drive expansion and diversification across new geographies.

 

Furthermore, Plus500 will continue to build its strategic position as a global
multi-asset fintech group, through organic investments and by actively
targeting acquisitions, to help deliver sustainable growth over the medium to
long term.

 

Plus500's financial position remains very robust and the Group continues to be
debt-free, with healthy cash balances driven by consistently high levels of
cash generation.

 

 

 

 For further details

   Plus500 Ltd.

Elad Even-Chen, Chief Financial Officer  +972 4 8189503

 Rob Gurner, Head of Investor Relations   +44 7825 189088

                      ir@plus500.com (mailto:ir@plus500.com)

 Brunswick                                +44 207 404 5959

 Charles Pretzlik, Partner                plus500@brunswickgroup.com (mailto:plus500@brunswickgroup.com)

 Paul Durman, Partner

 

 

 

 

 

About Plus500

 

Plus500 is a global multi-asset fintech group operating proprietary
technology-based trading platforms. Plus500 offers customers a range of
trading products, including Contracts for Difference ("CFDs") and share
dealing, as well as futures and options on futures.

 

The Group retains operating licenses and is regulated in the United Kingdom,
Australia, Cyprus, Israel, Japan, New Zealand, South Africa, Singapore, the
United States, Estonia and the Seychelles and through its CFDs product
portfolio, offers more than 2,500 different underlying global financial
instruments, comprising equities, indices, commodities, options, ETFs, foreign
exchange and cryptocurrencies. Customers of the Group can trade CFDs in more
than 50 countries and in 30 languages. Plus500 does not permit customers
located in the US to trade CFDs.

 

Plus500 does not utilise cold calling techniques and does not offer binary
options. Plus500's trading platforms are accessible from multiple operating
systems (Windows, iOS and Android) and web browsers. Customer care is and has
always been integral to Plus500, as such, CFD customers cannot be subject to
negative balances. A free demo account is available on an unlimited basis for
CFD platform users and sophisticated risk management tools are provided free
of charge to manage leveraged exposure, and stop losses to help customers
protect profits, while limiting capital losses.

 

Plus500 shares have a premium listing on the Main Market of the London Stock
Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index.
www.plus500.com (http://www.plus500.com)

 

The information contained within this announcement is deemed by the Company
to constitute inside information as stipulated under the Market Abuse
Regulation ("MAR"). Upon the publication of this announcement via Regulatory
Information Service ("RIS"), this inside information is now considered to be
in the public domain.

Forward looking statements

 

This announcement contains statements that are or may be forward-looking
statements. All statements other than statements of historical facts included
in this announcement may be forward-looking statements, including statements
that relate to the Group's future prospects, developments and strategies. The
Company does not accept any responsibility for the accuracy or completeness of
any information reported by the press or other media, nor the fairness or
appropriateness of any forecasts, views or opinions express by the press or
other media regarding the Group. The Company makes no representation as to the
appropriateness, accuracy, completeness or reliability of any such information
or publication.

 

Forward-looking statements are identified by their use of terms and phrases
such as "believe", "targets", "expects", "aim", "anticipate", "projects",
"would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or
the negative of those, variations or comparable expressions, including
references to assumptions. The forward-looking statements in this announcement
are based on current expectations and are subject to known and unknown risks
and uncertainties that could cause actual results, performance and
achievements to differ materially from any results, performance or
achievements expressed or implied by such forward-looking statements. Factors
that may cause actual results to differ materially from those expressed or
implied by such forward looking statements include, but are not limited to,
those described in the Risk Management Framework section of the Company's most
recent Annual Report. These forward-looking statements are based on numerous
assumptions regarding the present and future business strategies of the Group
and the environment in which it is and will operate in the future. All
subsequent oral or written forward-looking statements attributed to the
Company or any persons acting on its behalf are expressly qualified in their
entirety by the cautionary statement above. Each forward-looking statement
speaks only as at the date of this announcement. Except as required by law,
regulatory requirement, the Listing Rules and the Disclosure Guidance and
Transparency Rules, neither the Company nor any other party intends to update
or revise these forward-looking statements, whether as a result of new
information, future events or otherwise.

 1  (#_ftnref1)  Market expectations based on compiled analysts' consensus
forecasts, which can be found on the Investor Relations section of the
Company's website

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTGPUWCAUPPGBA