Breaking: Plus500 Announces $10m Share Buyback Program

[kreslik.news]

Retail foreign exchange and CFDs trading provider Plus500 has announced a share buyback program worth
$10 million. The company will finance the purchases of its own stock via its net cash balances that as of the 31st of May stood at $191 million.

The proposal has been amongst 11 resolutions which the Board of Plus500 approved at its annual shareholders meeting. The Board also reaffirms its base 60 percent pay-out ratio dividend policy, expressing confidence in the firm’s business model in its ability convert revenues into cash-flow.

The company will continue to be able to pay special dividends ... (read more)