Result of sale
06/09/2018 15:10
RNS Number : 0297A
Plus500 Limited
06 September 2018
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ISRAEL OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Plus500 Limited
("Plus500" or "the Company")
Result of Sale of 9.39 million Existing Ordinary Shares in Plus500
Further to the announcement made earlier today, Plus500 Ltd. announces that the founders of the Company (the "Founders") have notified Plus500 that they have sold an aggregate of 9.39 million ordinary shares in the capital of the Company at a price of £15.50 per share raising aggregate gross proceeds of £145,545,000 for the Founders through Liberum Capital Limited ("Liberum"). The shares were sold at a discount of 2.27% to yesterday's closing price of £15.86.
The Founders have agreed not to sell any further ordinary shares they hold in the capital of the Company for a period of 90 days after completion of the transaction, subject to waiver by Liberum at its sole discretion.
Details of the number of shares sold by the Founders are as follows:
| Resultant shareholding after Sale Shares have been sold | |||
| Founder | Number of Shares Sold | Shares | % |
| Alon Gonen1 | 5,100,000 | 3,391,539 | 2.98% |
| Gal Haber2 | 1,200,000 | 1,805,457 | 1.59% |
| Elad Ben-Izhak3 | 1,290,000 | 1,715,457 | 1.51% |
| Omer Elazari | 900,000 | 928,683 | 0.82% |
| Shlomi Weizmann | 900,000 | 928,683 | 0.82% |
| Total | 9,390,000 | 8,769,819 | 7.70% |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Alon Gonen1 1The shares are registered in the name of Sparta24 Ltd. | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Plus500 Ltd. | ||||
| b) | LEI | 549300X8NGW9C5OJZU13 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of NIS 0.01 par value IL0011284465 | ||||
| b) | Nature of the transaction | Placing of ordinary shares by the company's founders | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 6September 2018 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Gal Haber1 1The shares are registered in the name of Wavesoft Ltd. | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Managing Director | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Plus500 Ltd. | ||||
| b) | LEI | 549300X8NGW9C5OJZU13 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of NIS 0.01 par value IL0011284465 | ||||
| b) | Nature of the transaction | Placing of ordinary shares by the company's founders | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 6September 2018 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Elad Ben-Izhak 1 1The shares are registered in the name of Smarty Ltd. | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Plus500 Ltd. | ||||
| b) | LEI | 549300X8NGW9C5OJZU13 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of NIS 0.01 par value IL0011284465 | ||||
| b) | Nature of the transaction | Placing of ordinary shares by the company's founders | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 6September 2018 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Omer Elazari | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Plus500 Ltd. | ||||
| b) | LEI | 549300X8NGW9C5OJZU13 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of NIS 0.01 par value IL0011284465 | ||||
| b) | Nature of the transaction | Placing of ordinary shares by the company's founders | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 6September 2018 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Shlomi Weizmann | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Plus500 Ltd. | ||||
| b) | LEI | 549300X8NGW9C5OJZU13 | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of NIS 0.01 par value IL0011284465 | ||||
| b) | Nature of the transaction | Placing of ordinary shares by the company's founders | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 6September 2018 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||