Plus500 Limited Cancellation of Admission to AIM (3782X)
28 August 2015 - 4:01PM
UK Regulatory
TIDMPLUS
RNS Number : 3782X
Plus500 Limited
28 August 2015
Plus500 Ltd.
("Plus500", "the Company" or "the Group")
Cancellation of Admission to AIM
As disclosed in the Information Statement posted to Shareholders
on 11 June 2015, immediately following the completion of the
Merger, which remains subject to the satisfaction of certain
conditions, Brighttech, which will be the sole shareholder of
Plus500 following the Merger, intends to cancel the admission of
Plus500 Shares to trading on AIM ("Cancellation") as soon as
possible thereafter.
In accordance with AIM rule 41, the Company hereby gives notice
of the intended Cancellation which, subject to completion of the
Merger, will take place no earlier than 7:00 a.m. on 28 September
2015. Further updates will be made in due course although, for the
avoidance of doubt, if the Merger fails to complete Cancellation
will not take place.
Unless otherwise defined herein, capitalized terms in this
announcement have the meanings ascribed to them in the Information
Statement posted to Shareholders on 11 June 2015.
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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