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Plus500 Ltd. — Director's Dealing 2018
Sep 6, 2018
6292_dirs_2018-09-06_92a75089-6720-49fc-b712-182c6f482e01.html
Director's Dealing
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RNS Number : 0297A
Plus500 Limited
06 September 2018
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, ISRAEL OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Plus500 Limited
("Plus500" or "the Company")
Result of Sale of 9.39 million Existing Ordinary Shares in Plus500
Further to the announcement made earlier today, Plus500 Ltd. announces that the founders of the Company (the "Founders") have notified Plus500 that they have sold an aggregate of 9.39 million ordinary shares in the capital of the Company at a price of £15.50 per share raising aggregate gross proceeds of £145,545,000 for the Founders through Liberum Capital Limited ("Liberum"). The shares were sold at a discount of 2.27% to yesterday's closing price of £15.86.
The Founders have agreed not to sell any further ordinary shares they hold in the capital of the Company for a period of 90 days after completion of the transaction, subject to waiver by Liberum at its sole discretion.
Details of the number of shares sold by the Founders are as follows:
| Resultant shareholding after Sale Shares have been sold | |||
| Founder | Number of Shares Sold | Shares | % |
| Alon Gonen1 | 5,100,000 | 3,391,539 | 2.98% |
| Gal Haber2 | 1,200,000 | 1,805,457 | 1.59% |
| Elad Ben-Izhak3 | 1,290,000 | 1,715,457 | 1.51% |
| Omer Elazari | 900,000 | 928,683 | 0.82% |
| Shlomi Weizmann | 900,000 | 928,683 | 0.82% |
| Total | 9,390,000 | 8,769,819 | 7.70% |
(1) The shares are registered in the name of Sparta24 Ltd.
(2) The shares are registered in the name of Wavesoft Ltd.
(3) The shares are registered in the name of Smarty Ltd.
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR").
Company website: www.plus500.com
For further details:
Plus500 Ltd
Elad Even-Chen, Chief Financial Officer
Tel: +972-4-8189503
Liberum
Clayton Bush, Christopher Britton, Josh Hughes, William Hall
www.liberum.com
Tel: 020 3100 2222
MHP Communications
Reg Hoare, Tim Rowntree, Kelsey Traynor
Tel: 020 3128 8100
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Alon Gonen1
1The shares are registered in the name of Sparta24 Ltd.
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Plus500 Ltd.
b)
LEI
549300X8NGW9C5OJZU13
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of NIS 0.01 par value
IL0011284465
b)
Nature of the transaction
Placing of ordinary shares by the company's founders
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £15.50 | 5,100,000 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
6 September 2018
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Gal Haber1
1The shares are registered in the name of Wavesoft Ltd.
2
Reason for the notification
a)
Position/status
Managing Director
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Plus500 Ltd.
b)
LEI
549300X8NGW9C5OJZU13
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of NIS 0.01 par value
IL0011284465
b)
Nature of the transaction
Placing of ordinary shares by the company's founders
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £15.50 | 1,200,000 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
6 September 2018
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Elad Ben-Izhak 1
1The shares are registered in the name of Smarty Ltd.
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Plus500 Ltd.
b)
LEI
549300X8NGW9C5OJZU13
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of NIS 0.01 par value
IL0011284465
b)
Nature of the transaction
Placing of ordinary shares by the company's founders
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £15.50 | 1,290,000 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
6 September 2018
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Omer Elazari
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Plus500 Ltd.
b)
LEI
549300X8NGW9C5OJZU13
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of NIS 0.01 par value
IL0011284465
b)
Nature of the transaction
Placing of ordinary shares by the company's founders
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £15.50 | 900,000 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
6 September 2018
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Shlomi Weizmann
2
Reason for the notification
a)
Position/status
PDMR
b)
Initial notification/ Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Plus500 Ltd.
b)
LEI
549300X8NGW9C5OJZU13
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of NIS 0.01 par value
IL0011284465
b)
Nature of the transaction
Placing of ordinary shares by the company's founders
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £15.50 | 900,000 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
6 September 2018
f)
Place of the transaction
London Stock Exchange
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 [email protected] or visit www.rns.com.
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