David Zruia, CEO of Plus500, Elad Even-Chen, CFO of Plus500 and Nir Zats, CMO of Plus500, today announced their intention to sell 1,500,000 existing ordinary shares in the capital of Plus500. The shares represent approximately 2.14% of the company’s issued share capital (excluding ordinary shares held in treasury).

The Shares will be sold on the secondary market to Goldman Sachs International as principal, with the sale intermediated by Panmure Liberum Limited. Goldman Sachs may or may not onward sell the Shares. Plus500 is not a party to the transaction and will not receive any proceeds from the transaction.

The transaction is being undertaken by the Selling Shareholders for personal financial and tax planning purposes. The Selling Shareholders have not sold any shares in the Company since its IPO 13 years ago and remain highly committed to the Company’s long-term strategy, growth trajectory and value creation for shareholders.

Assuming all the Shares are sold, after completion of the transaction, the Selling Shareholders will continue to hold approximately 3.89% of the issued share capital of the Company. The Shares, in all respects, rank pari passu with the Company’s ordinary shares.

The Selling Shareholders have agreed with Panmure Liberum not to sell any further ordinary shares they hold in the capital of the Company for a period of 365 days after completion of the transaction, subject to waiver by Panmure Liberum.