Plus500 Appoints Anne Grim as a Non-Executive Director

Grim’s position starts with immediate effect, after receiving shareholder approval yesterday.

Following its annual general meeting (AGM) on Wednesday, Plus500 announced today that it has appointed Anne Grim to its Board as a Non-Executive Director, starting with immediate effect.

According to the London listed broker’s statement today, Grim has taken on her new position after receiving approval from the company’s shareholders at its AGM yesterday.

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Grim joins Plus500’s Board of Directors with three decades worth of experience in the financial services sector. Across her career, she has held senior roles at well-known financial institutions, such as American Express, Barclays and Wells Fargo, among others.

In addition to her appointment at the Israel based broker, Grim is a Non-Executive Director of Metro Bank plc, Openwork Ltd and Insight Investment.

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Commenting on the appointment, Penny Judd, Chairman, said in the statement: “I would like to welcome Anne to the Board of Plus500. She is an excellent addition, given her expertise in customer experience, strategic planning and execution, technology innovation and business transformation. We look forward to working with her in the future.”

Plus500 Buys 33,000 Own Shares

In addition to announcing the appointment of Grim, today Plus500 has published a new announcement concerning its most recent share buyback program.

According to a statement filed through the London Stock Exchange (LSE), the broker repurchased 33,000 of its own ordinary shares, each through Credit Suisse Securities (Europe) Limited, on the 16th of September 2020.

The volume weighted average price paid per share by the online trading provider of contracts for differences (CFDs) for its latest batch of shares was £14.75. Therefore, the firm paid around £486,858.90 for its most recent bundle yesterday.

The lowest price paid per share by the broker was £14.64 and the highest price paid per share by Plus500 was £15.01. In its latest round, the trading company is planning on repurchasing $67.3 million worth of its own shares.

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