Plus500 shares increased 0.5% to 1,567p in early morning trading on Tuesday, following a positive trading update including a $105 million series of share buyback programmes.
The fintech company said the buybacks reflected the confidence of its Board in Plus500’s future prospects, along with the group’s strong financial position.
The group confirmed that it had made significant progress against its strategic goals, as it continued to roll out its expansion into a slate of new regions.
Plus500 also noted its intention to invest in new acquisitions to expand the company, alongside its growth in the US, the purchase of Japanese firm EZ Securities and the ongoing development of its Pluss500 invest share-trading platform throughout European markets.
The fintech group said it expected to deliver continued sustainable growth over the medium to long term following its operational and financial momentum.
