Plus500 launches $90M share buyback program
Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today announced the commencement of a new share buyback program to purchase a total of up to $90 million of the company’s shares.
It is anticipated that the new $90 million buyback program will commence today once the existing $110 million buyback program, which was announced on 18 February 2025, is complete.
The Share Buyback Programme forms part of the $165.0m of shareholder returns announced in the company’s H1 2025 interim results on 11 August 2025.
The maximum number of shares the Company is entitled to repurchase under the Share Buyback Programme is up to 5,868,129 shares. This figure represents the total number of shares the Company is authorised to purchase pursuant to the authority granted by shareholders at the Company’s most recent Annual General Meeting held on 6 May 2025, less the number of shares that have already been repurchased pursuant to that authority.
Share purchases will take place in open market transactions and may be executed from time to time depending on market conditions, share price, trading volume and other factors.
Panmure Liberum Limited will manage the Share Buyback Program, which is an irrevocable, non‐discretionary share buyback program to repurchase the Company’s shares on its behalf, and within certain defined parameters. Neither the Company nor its Board members have the authority to invoke any changes to the Share Buyback Program, as it will be conducted solely at the discretion of Panmure Liberum, in accordance with the established terms.
The Share Buyback Program will run from today until no later than 31 March 2026.