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Trading starts 24th July on the London Stock Exchange under the ticker “Plus

Plus500

Successful Placing to raise US$75 million

Significantly oversubscribed Market capitalisation expected to be US$200 million on Admission Trading starts 24th July on the London Stock Exchange under the ticker “Plus“.
Plus500, which has developed and operates an online trading platform for retail customers to trade CFDs (Contracts for Difference) in over 50 countries, is delighted to announce the successful pricing of its initial public offering (“the IPO”) ahead of admission to trading on AIM, a market operated by the London Stock Exchange.
Plus500 has developed and operates an online trading platform (www.plus500.com) for retail customers to trade CFDs internationally over more than 1,700 different underlying global financial instruments comprising equities, ETFs (Exchange-Traded Funds), foreign exchange, indices and commodities.
Transaction Summary
The Placing has raised approximately US$75 million via the placing of US$25 million new and US$50 million existing ordinary shares (“the Placing”) at a placing price of 115 pence per share (“the Placing Price”).
The Group’s market capitalisation on admission, based on the Placing Price, is expected to be approximately US$200 million (approximately £132 million).

The Placing saw strong demand from institutional investors and was increased in size following a substantial oversubscription.

The Group’s net proceeds of the Placing will be used to invest in additional marketing activities to increase brand awareness; penetrate new markets, accelerate growth in existing markets, strengthen the Group’s balance sheet and capital base, give the Group additional flexibility when assessing potential acquisitions and maintain a significant capital surplus to the Group’s existing mandatory regulatory capital requirements.
The Directors believe that the success of the Group to date has been primarily due to its the self-developed, proprietary technology which it continues to develop to support the Trading Platform. The Trading Platform provides a simple and consistent interface for customers across a number of different devices. It has been designed to be as intuitive and easy to use as possible and provides customers with real-time prices, execution facilities and a multitude of order types.
Plus500
The Directors believe that the Group is an exciting technology business providing a substantial opportunity based centered around the delivery of its Trading Platform in a growing international CFD market.
It is expected that dealings will commence on AIM at 8.00 a.m. on 24 July 2013. The Ordinary Shares will trade under the ticker “PLUS”.
Liberum Capital Limited is acting as Nominated Adviser and Broker to the Company.

Gal Haber, Chief Executive Officer of Plus500, commented:
“We are delighted with the strong level of support from institutional investors which is testament to our future prospects. The Placing and subsequent admission to AIM will support our business as we seek to deliver on our growth plans.

We believe that we have built an attractive and scalable business, underpinned by the Group’s proprietary technology and self-developed trading platform. We are excited at the opportunity to grow our business further and we look forward to enhancing Shareholder value.”

About Plus500

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 1,700 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices and commodities.
The Group enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Window, smartphones (iOS and Android) and tablets (iOS and Android)) and the internet. The Directors believe that the success of the Group to date has been primarily due to the proprietary technology it has developed and continues to develop to support the Trading Platform. The Trading Platform has been designed to be as intuitive and easy to use as possible. The Trading Platform has been localised into 30 languages. The Directors believe that this emphasis on technology, together with the Group’s targeted online marketing strategy, has helped to differentiate the Group from its competitors.
The Group generates its revenues principally from the dealing spreads on the Trading Platform. In addition, the Group generates revenues from overnight premiums, effectively a financing charge, on certain positions held by customers overnight and gains (offset by losses) on customers’ trading positions. The Group does not charge customers a commission on trades.
Plus500UK Limited (“Plus500UK”), the Group’s UK subsidiary, is Authorised and Regulated by the Financial Conduct Authority. Plus500UK also operates in other European Economic Area countries and Gibraltar through a regulatory passporting mechanism. Plus500AU Pty Ltd has also received an ASIC licence which enables it to conduct a financial services business in Australia.

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