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IN BRIEF: Plus500 starts new $90 million share buyback on Monday

ALN

Plus500 Ltd - Haifa, Israel-based trading platform provider - Starts new $90.0 million share buyback on Monday, as it completes the $110.00 million buyback started in February. Plus500 says the new buyback, which was first announced with its interim results last week, will be run by broker Panmure Liberum Ltd and completed by the end of March next year. The $90.0 million is part of the $165.0 million in new shareholder returns that Plus500 announced with its results. The remaining $75.0 million will be paid as cash dividends. The company notes it has $900 million in cash as of June 30, giving it room to make acquisitions and invest internally for growth, while still providing shareholder returns.

Current stock price: 3,094.00 pence

12-month change: up 22%

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