Plus500 Limited Cancellation of Admission to AIM (2661A)
September 25 2015 - 9:28AM
UK Regulatory
TIDMPLUS
RNS Number : 2661A
Plus500 Limited
25 September 2015
Plus500 Ltd.
("Plus500", "the Company" or "the Group")
Cancellation of Admission to AIM
As disclosed by the Company in its announcement dated 18
September 2015, the recommended cash acquisition of Plus500 by
Playtech PLC ("Playtech") (the "Acquisition") is taking longer than
had originally been anticipated. The statutorily required
regulatory assessment of the Acquisition should be completed by the
end of November 2015 but Playtech and Plus500 remain hopeful for an
October 2015 completion.
Further to this announcement, the Company confirms that
cancellation of admission of Plus500 Shares to trading on AIM is
expected to incur a corresponding delay. The Company will update
the market in due course.
For further information please contact:
Plus500 Ltd +972 4 8189503
Elad Even-Chen, Finance Director, VP Business Development and
Head of Investor Relations
ir@Plus500.com
Liberum - Nomad and Broker +44 20 3100 2222
Clayton Bush/Christopher Britton/Josh Hughes
MHP Communications +44 20 3128 8100
Reg Hoare/Tim Rowntree/Charlie Bristow
Plus500@mhpc.com
About Plus500
Company website: www.plus500.com
Plus500 has developed and operates an online trading platform
for retail customers to trade CFDs internationally over more than
2000 different underlying global financial instruments comprising
equities, ETFs, foreign exchange, indices and commodities. The
Company enables retail customers to trade CFDs in more than 50
countries. The trading platform is accessible from multiple
operating systems (Windows, smartphones (iOS, Android and Windows
Phone) and tablets (iOS, Android and Surface)) and the internet.
The Directors believe that the success of the Company to date has
been primarily due to the proprietary technology it has developed
and continues to develop to support the trading platform. The
trading platform has been designed to be as intuitive and easy to
use as possible. The trading platform has been localised into over
31 languages. The Directors believe that this emphasis on
technology, together with the Company's targeted online marketing
strategy, has helped to differentiate the Company from its
competitors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 25, 2015 09:28 ET (13:28 GMT)
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