Betaville Intelligence

RARE ALERT: Plus500 said to ...

Thursday, 9 November 2017, 2:25 pm

Plus500's corporate brokers have been sounding out investors about selling around 7pc of the founders' total shareholding in the Aim-listed contract for difference platform.

According to sources familiar with the matter, brokers at Liberum and Berenberg this week approached investors with the opportunity to buy as much as 7pc of Plus500 from a group comprising the founders of the Israeli contracts for difference broker, such as Alon Gonen.

Liberum is Plus500's Nominated Adviser whilst Berenberg was appointed joint broker in 2016.

Sources familiar with the matter said the Israeli founders are looking for around 980p a share for 7pc of their stock. However, other sources familiar with the situation said investors weren't willing to pay more than between 940p and 950p a share.

As a result, it's possible the share sale will be put on hold until the sellers and buyers can agree a price...

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Tags: Plus 500

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