Forex and CFDs broker Plus500 revealed on Tuesday that its board of directors has approved a new share buyback programme of additional $60.2 million worth of shares.
The launch of the new programme follows the completion of the most recent one.
Under the latest share repurchase program, the Israeli-based company will buy up to 9,959,828 ordinary shares.
Plus500 stated:
The purpose of the Share Buyback Programme is to highlight further the Board’s continued confidence in the future prospects of Plus500 and reflects its strong financial position.
This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues to make further progress on its strategic roadmap.
In Apri, the London-listed broker announced a $50 million buyback program alongside its previous one, launched in February.
