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PLUS.GB Plus500 Ltd

2,098.00
8.00 (0.38%)
19 Apr 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Plus500 Ltd AQSE:PLUS.GB Aquis Stock Exchange Ordinary Share IL0011284465 Ordinary shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.00 0.38% 2,098.00 2,020.00 2,176.00 2,117.68 2,080.00 2,080.00 17 16:29:59
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Plus500 Limited FCA Update (0870R)

06/12/2016 10:37am

UK Regulatory


Plus500 (AQSE:PLUS.GB)
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TIDMPLUS

RNS Number : 0870R

Plus500 Limited

06 December 2016

06 December 2016

Plus500 Ltd.

("Plus500" or "the Company")

FCA Update

Plus500, a leading online service provider for retail customers to trade CFDs internationally, notes the movement in its share price following the publication on 6 December 2016 by the Financial Conduct Authority ("FCA") of a note regarding enhancing the conduct of business regime. Industry participants have been requested to provide comments to the FCA's proposals by 7 March 2017.

The Company believes that the topics covered in the note will have a material operational and financial impact on the UK regulated subsidiary which represents approximately 20% of the Groups revenues.

A further announcement will be made in due course in conjunction with a year end trading update.

Enquiries

 
 Plus500 
--------------------------------------------------- 
 Elad Even-Chen, Chief Financial     +972 4 8189503 
  Officer                            ir@Plus500.com 
---------------------------------  ---------------- 
 Liberum - Nomad and Broker 
--------------------------------------------------- 
 Clayton Bush, Neil Elliot,             +44 20 3100 
  Josh Hughes                                  2222 
---------------------------------  ---------------- 
 Berenberg (Joint Broker) 
--------------------------------------------------- 
 Chris Bowman, Amritha Murali,          +44 20 3207 
  Marie Stolberg                               7800 
---------------------------------  ---------------- 
 MHP Communications 
--------------------------------------------------- 
 Reg Hoare, Tim Rowntree,               +44 20 3128 
  Kelsey Traynor                               8100 
---------------------------------  ---------------- 
 

About Plus500

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,250 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices, commodities and options. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone) and tablets (iOS, Android and Surface)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.

www.plus500.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUNORRNVAURAA

(END) Dow Jones Newswires

December 06, 2016 05:37 ET (10:37 GMT)

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