The FX retail and the CFD Broker Plus500 Ltd (Lon: Plus) today announced the launch of a new stock market market for up to $ 90 million in the company’s shares.
It is expected that the new $ 90 million acquisition program will begin today as the existing $ 110 million acquisition program is completed, announced on February 18, 2025.
The shares takeover program is part of the yields of $ 165.0 million shareholders announced in the intermediate results of H1 2025 on August 11, 2025.
The maximum number of shares that the company has the right to repurchase under the stock market is up to 5,868,129 shares. This number represents the total number of shares that the company has been authorized to buy in accordance with the authority granted by shareholders at the most recent annual general meeting of the company on 6 May 2025, less the number of shares already acquired according to that authority.
The stock markets will be carried out in open market transactions and may be executed from time to time depending on market conditions, shares, transaction volume and other factors.
The Panmure Liberum Limited will manage the stock acquisition program, which is an irrevocable, non -compassionate stock market for the acquisition of the company’s shares on behalf of and within certain specified parameters. Neither the company nor the members of its Board of Directors have the power to invoke any changes to the stock market, as they will be conducted exclusively at the discretion of the Panmure Liberum, in accordance with the established terms.
The stock purchase program will run from today until the latest on March 31, 2026.