Online trading company Plus500 Ltd (LON:PLUS) has published a statement before ahead of today’s Annual General Meeting, which will take place in London at 10.00am BST.

The Group says it has continued to deliver a strong performance in FY 2023. As outlined in the Q1 2023 Trading Update issued on 19 April 2023, key metrics were ahead of Q4 2022. This performance has continued to be driven by the Group’s on-going investments in product innovation to attract and retain high value customers. In addition, the Group has made further significant progress against its strategic priorities.

Since the 2022 AGM held on 3 May 2022, the Company has bought back shares totalling approximately $175.4 million, at an average price of £17.23. The buyback programmes reflect the Board’s view of the current value of the Company’s shares.

The Board remains confident about the Group’s prospects and its ability to execute against several market opportunities whilst continuing to make on-going investments to develop Plus500’s position as a global multi-asset fintech group. In particular, the Group is focused on delivering further organic investments in technology, marketing and people, as well as actively targeting additional acquisitions, in order to deliver sustainable growth over the medium to long term.

The Board continues to expect that Plus500’s performance will be in line with current market expectations.