TIDMPLUS
RNS Number : 0843Z
Plus500 Limited
16 September 2020
16 September 2020
Plus500 Ltd.
("Plus500", "the Company" or "the Group")
AGM Trading Update
Plus500, a leading technology platform for trading Contracts for
Difference ("CFDs") internationally, issues the following trading
update ahead of today's AGM, which is taking place at 10.00am
BST.
The operational momentum achieved during H1 2020 has continued
into the second half to date, with Plus500 making excellent
progress across all key commercial and financial performance
metrics. This performance has been primarily driven by the strength
and differentiation of the Company's proprietary technology.
Revenue, in particular Customer Income, has remained strong in
H2 2020 to date, supported by further growth in the Company's
Active Customer base. The Company has also on-boarded a high level
of new customers so far in the second half, driven by continued
investment in its marketing technology, rapid response to market
events and attractiveness of the Group's market-leading mobile and
tablet offering.
These factors have ensured that platform usage remains at
elevated levels and customer deposits continue to be very
robust.
Plus500 remains well placed to deliver sustainable future
growth, given its proprietary technology, its flexible and scalable
business model, its strong financial position and a track record of
delivery against key performance metrics.
While market conditions remain uncertain, macroeconomic and
sector-specific newsflow continue to provide significant trading
opportunities for customers. Therefore, the Board remains very
confident about the outlook for Plus500, particularly given the
Company's outstanding performance so far this year.
The Company will publish its results for Q3 2020, for the period
ended 30 September 2020, on 27 October 2020.
For further details
Plus500 Ltd Elad Even-Chen, Chief Financial +972 4 8189503
Officer +44 7825 189088
Rob Gurner, Head of Investor ir@Plus500.com
Relations
MHP Communications +44 20 3128 8100
Reg Hoare, Rachel Mann, Plus500@mhpc.com
Pete Lambie
About Plus500
Plus500 operates a proprietary technology platform for
individual customers to trade CFDs internationally. The Group
offers more than 2,500 different underlying global financial
instruments, comprising equities, indices, commodities, options,
ETFs, foreign exchange and cryptocurrencies. Customers of Plus500
can trade CFDs in more than 50 countries and in 32 languages. The
trading platform is accessible from multiple operating systems
(Windows, iOS, Android and Surface) and web browsers. Plus500
retains operating licences and is regulated in the United Kingdom,
Australia, Cyprus, Israel, New Zealand, South Africa, Singapore and
the Seychelles.
Customer care is and has always been integral to Plus500, as
such, customers cannot be subject to negative balances. A free demo
account is available on an unlimited basis for platform users and
sophisticated risk management tools are provided free of charge to
manage leveraged exposure, and stop losses to help customers
protect profits, while limiting capital losses. Plus500 does not
utilise cold calling techniques and does not offer binary options.
Plus500 shares have a premium listing on the Main Market of the
London Stock Exchange (symbol: PLUS) and are a constituent of the
FTSE 250 index. www.plus500.com
Forward looking statements
This announcement contains statements that are or may be
forward-looking statements. All statements other than statements of
historical facts included in this announcement may be
forward-looking statements, including statements that relate to the
Company's future prospects, developments and strategies. The
Company does not accept any responsibility for the accuracy or
completeness of any information reported by the press or other
media, nor the fairness or appropriateness of any forecasts, views
or opinions express by the press or other media regarding the
Group. The Company makes no representation as to the
appropriateness, accuracy, completeness or reliability of any such
information or publication.
Forward-looking statements are identified by their use of terms
and phrases such as "believe", "targets", "expects", "aim",
"anticipate", "projects", "would", "could", "envisage", "estimate",
"intend", "may", "plan", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. The forward-looking statements in this announcement
are based on current expectations and are subject to known and
unknown risks and uncertainties that could cause actual results,
performance and achievements to differ materially from any results,
performance or achievements expressed or implied by such
forward-looking statements. Factors that may cause actual results
to differ materially from those expressed or implied by such
forward looking statements include, but are not limited to, those
described in the risk factors. These forward-looking statements are
based on numerous assumptions regarding the present and future
business strategies of such entity and the environment in which
each will operate in the future. All subsequent oral or written
forward-looking statements attributed to the Company or any persons
acting on its behalf are expressly qualified in their entirety by
the cautionary statement above. Each forward-looking statement
speaks only as at the date of this announcement. Except as required
by law, regulatory requirement, the Listing Rules and the
Disclosure Guidance and Transparency Rules, neither the Company nor
any other party intends to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGMEASNSFLEEEFA
(END) Dow Jones Newswires
September 16, 2020 02:00 ET (06:00 GMT)
Plus500 (LSE:PLUS)
Historical Stock Chart
From Apr 2024 to May 2024
Plus500 (LSE:PLUS)
Historical Stock Chart
From May 2023 to May 2024