With the continued repurchase of their ordinary shares, the online contracts for difference (CFD) revealed that Plus 500’s CTO purchased shares in excess of three thousand. The purchases were made last week.
Ari Shotland, CTO of Plus 500 purchased the company’s ordinary shares as part of the repurchase strategy. The shares purchased on Thursday 19th March had an average price of £7.37, translating to a total price of £1,002.3 for 136 shares purchased. Similarly, the shares purchased on Friday 20th March had an average price £7.886, translating to a total price of £26, 099.4 for 3,318 shares purchased. Hence, the total for Shotland was 3,454 shares with a total price of £27, 101.7. The transactions were conducted on the London Stock Exchange.
Plus500 expected to purchase a total of $30m shares
Since the initiation of company’s buyback program that began in February, the top executives have constantly been engaged in buying shares.
It is stated that the company is expected to buy another $30m ordinary shares. The firm’s last buyback program in August 2019 reflected a total repurchase of $50m shares. This is another follow up.
The most recent buyback program has seen majority of the top executives purchasing shares of the company. According to a report by Finance Magnates, CEO Alon Gonen alone purchased around 445,064 shares at an average price of £9.38. He has up till now spent a total of £4.12m.
Following the CEO, Omer Elazari has also obtained shares in excess of £1.12m in previous few weeks whereas Shlomi Weizmann was seen to be purchasing a total of 100,000 shares that had an approximate worth of £941,500.