Plus500 Co-Founder Purchases More Than £4.1m Worth of Shares
- Alon Gonen has purchased 445,064 shares valued at £9.38.
The co-founder of Plus500, an Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term provider of contracts for differences (CFDs), Alon Gonen, has purchased more than 440,000 shares, the company announced this Wednesday through a regulatory filing via the London Stock Exchange (LSE).
In particular, Gonen has purchased 445,064 shares valued at £9.38, meaning he has spent more than £4.17 million. The founder of Plus500 has acquired the shares via Sparta 24 Ltd, in a transaction dated March 2, 2020.
Today’s announcement follows on the heels of the online trading provider, revealing that it was commencing a new share buyback program, in which the company will buy back up to an additional $30 million of the company’s ordinary shares.
The latest buyback program announced in February of 2020 follows the completion of the firm’s previous buyback program, in which it repurchased $50 million worth of shares.
As Finance Magnates reported, in August of last year, soon after the company revealed the previous buyback program, Alon Gonen, spent over £3.3 million on the open market, acquiring over 468,000 shares. With an average price of £7.06 per share, his purchase signified a strong commitment to the future value of the company, as does today’s announcement.
Plus500 starts off 2020 strong
Plus500 has started off 2020 on a strong footing. Earlier this month, the online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term outlined in a trading update that it has experienced a period of heightened market activity.
In particular, the CFD trading provider has seen heightened volumes of trading across the global markets, which has led to a significant uptick in customer trading activity.
Because of this, the London-listed company explained that its financial performance in the first quarter of 2020 to date is trending substantially ahead of the final quarter of last year.
In the trading update published through the LSE’s news service, Plus500 said: "It is too early to say what impact this outperformance in the current quarter will have on the outcome for 2020 given heightened levels of volatility in the market may not persist, whilst the impact of Australian regulatory changes previously referred to is yet to be quantified."
The co-founder of Plus500, an Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term provider of contracts for differences (CFDs), Alon Gonen, has purchased more than 440,000 shares, the company announced this Wednesday through a regulatory filing via the London Stock Exchange (LSE).
In particular, Gonen has purchased 445,064 shares valued at £9.38, meaning he has spent more than £4.17 million. The founder of Plus500 has acquired the shares via Sparta 24 Ltd, in a transaction dated March 2, 2020.
Today’s announcement follows on the heels of the online trading provider, revealing that it was commencing a new share buyback program, in which the company will buy back up to an additional $30 million of the company’s ordinary shares.
The latest buyback program announced in February of 2020 follows the completion of the firm’s previous buyback program, in which it repurchased $50 million worth of shares.
As Finance Magnates reported, in August of last year, soon after the company revealed the previous buyback program, Alon Gonen, spent over £3.3 million on the open market, acquiring over 468,000 shares. With an average price of £7.06 per share, his purchase signified a strong commitment to the future value of the company, as does today’s announcement.
Plus500 starts off 2020 strong
Plus500 has started off 2020 on a strong footing. Earlier this month, the online Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term outlined in a trading update that it has experienced a period of heightened market activity.
In particular, the CFD trading provider has seen heightened volumes of trading across the global markets, which has led to a significant uptick in customer trading activity.
Because of this, the London-listed company explained that its financial performance in the first quarter of 2020 to date is trending substantially ahead of the final quarter of last year.
In the trading update published through the LSE’s news service, Plus500 said: "It is too early to say what impact this outperformance in the current quarter will have on the outcome for 2020 given heightened levels of volatility in the market may not persist, whilst the impact of Australian regulatory changes previously referred to is yet to be quantified."