REG - Plus500 Ltd - Annual General Meeting

Plus500Announcement

02/05/2023 07:00

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RNS Number : 9841X  Plus500 Limited  02 May 2023

2 May 2023
 

Plus500 Ltd.

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

Annual General Meeting

 

Plus500, a global multi‐asset fintech group operating proprietary
technology‐based trading platforms, issues the following statement ahead of
today's Annual General Meeting, which will take place in London at 10.00am
BST.

The Group has continued to deliver a strong performance in FY 2023. As
outlined in the Q1 2023 Trading Update issued on 19 April 2023, key metrics
were ahead of Q4 2022. This performance has continued to be driven by the
Group's on-going investments in product innovation to attract and retain high
value customers. In addition, the Group has made further significant progress
against its strategic priorities.

Since the 2022 AGM held on 3 May 2022, the Company has bought back shares
totalling approximately $175.4m, at an average price of £17.23. The buyback
programmes reflect the Board's view of the current value of the Company's
shares and further demonstrates the Group's strong financial position.

The Board remains confident about the Group's prospects and its ability to
execute against several market opportunities whilst continuing to make
on-going investments to develop Plus500's position as a global multi-asset
fintech group. In particular, the Group is focused on delivering further
organic investments in technology, marketing and people, as well as actively
targeting additional acquisitions, in order to deliver sustainable growth over
the medium to long term. The Board continues to expect that Plus500's
performance will be in line with current market expectations(1).

 

The Company will publish its half year results for the six months ended 30
June 2023 on 14 August 2023.

For further details

 

 Plus500 Ltd.
 Elad Even-Chen, Chief Financial Officer  +972 4 8189503

                                          ir@Plus500.com (mailto:ir@Plus500.com)
 Dentons Global Advisors
 James Melville-Ross                      +44 (0)20 7664 5095

 James Styles                             plus500@dentonsglobaladvisors.com (mailto:plus500@dentonsglobaladvisors.com)

 Leah Dudley

 

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 OTC ("Over-the-Counter" products, namely Contracts
for Difference (CFDs)), share dealing, as well as futures and options on
futures. The Group retains operating licences and is regulated in the United
Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the
Seychelles, the United States, Estonia, Japan and the UAE and through its OTC
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
its OTC products in more than 50 countries and in 30 languages. Plus500 does
not permit customers located in the US to trade its OTC products. 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, OTC customers cannot be subject to negative
balances. A free demo account is available on an unlimited basis for OTC
trading 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)
.

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

 

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", "project", "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.

 

 

 

 

 

 

 

 

 

 

 

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