Retail FX and CFD broker Plus500 Ltd (LON:PLUS) today announced the start of a new share buyback program.

The broker will purchase a total of up to $110.0 million of its shares.

It is anticipated that the new $110.0 million buyback program will commence immediately once the existing $110.0 million buyback program, which was announced on 19 August 2024 and commenced on 27 August 2024, is complete.

The Share Buyback Programme forms part of the $200.0m shareholder returns announced today alongside the Company’s FY 2024 Preliminary Results.

As of 31 December 2024, the Group held approximately $0.9bn of its own cash on its balance sheet, enabling it to pursue organic and inorganic growth initiatives, while delivering attractive and sustainable shareholder returns. These enhanced shareholder returns total $200.0m, comprising share buybacks of $110.0m and dividends of $90.0m.

The maximum number of shares the Company is entitled to repurchase under the Share Buyback Programme is 2,352,289 shares. This figure represents the total number of shares which the Company is authorised to purchase pursuant to the authority granted by shareholders at the Company’s most recent Annual General Meeting held on 7 May 2024 after deducting those shares which have already been repurchased pursuant to that authority.

The Company will seek additional authority from its shareholders to make purchases of its own ordinary shares at its upcoming AGM.

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 Programme, which is an irrevocable, non‐discretionary share buyback programme 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 Programme, as it will be conducted solely at the discretion of Panmure Liberum, in accordance with the established terms.

All ordinary shares repurchased by the Company under the Share Buyback Programme shall be classified as shares held in treasury (dormant shares). Such treasury shares are not entitled to dividends and have no voting rights at the Company’s general meetings.

The Share Buyback Programme will run from today until no later than 31 December 2025. Purchases may continue during any closed period to which the Company is subject during the above‐mentioned period.