Plus500 Founders Offload 8% Stake After Selling over 9 million Shares

[kreslik.news]

UK-listed brokerage Plus500 today said that it ‎has been notified by its founders that they intend to sell up to 9.4 million company shares, equivalent to an 8 percent chunk of the spread better. They agreed to a 90-day lock-in period in respect of the remaining balance of their ordinary ‎shares in the company.‎

Shares in Plus500 are trading up 2.1 percent at 1,619.00 pence per share in London on Thursday. Earlier in August, the stock surged to 2,040.00 pence, the highest level since the Haifa, Israel-based firm first sold shares to the public in 2013, as revenue more than ... (read more)