TIDMPLUS
RNS Number : 0428S
Plus500 Limited
20 June 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, ANY EXCLUDED TERRITORY OR ANY OTHER JURISDICTION IN WHICH
THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
This announcement is not a prospectus and not an offer of
securities for sale in any jurisdiction, including in the United
States, Australia, Canada, Japan and South Africa.
Neither this announcement nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction. Any offer to acquire
shares pursuant to the admission of the Company's shares to the
premium listing segment of the Official List of the FCA and to
trading on the London Stock Exchange's main market for listed
securities will be made, and any investor should make his
investment decision, solely on the basis of the information that is
contained in the Prospectus published by the Company in connection
with the admission of the Company's shares to the premium listing
segment of the Official List of the FCA and to trading on the
London Stock Exchange's main market for listed securities.
20 June 2018
Plus500 Limited
Publication of Prospectus
Plus500 Limited (the "Company"), a leading online trading
platform provider for customers to trade CFDs internationally, is
pleased to announce that, further to the announcement of 24 May
2018, the UK Listing Authority has approved the Prospectus in
relation to the admission of the Company's shares to the premium
listing segment of the Official List of the FCA and admission to
trading on the London Stock Exchange plc's Main Market for listed
securities ("Admission").
It is expected that Admission will become effective and that
dealings will commence at 8.00 am on 26 June 2018. Trading in the
Company's shares on AIM will be cancelled simultaneously with
Admission.
The Company is not raising any funds or issuing any new shares
in connection with Admission. The Company's TIDM code on the London
Stock Exchange will continue to be PLUS and its ISIN will remain
IL0011284465 and its SEDOL number BBT3PS9. On Admission, the
Company's issued share capital will be 114,888,377 shares, of which
980,146 are treasury shares.
The Prospectus will be made available in electronic form on the
Company's website at
www.plus500.co.uk/Investors/ConstitutionalDocuments, and will be
available for inspection at the offices of Bryan Cave Leighton
Paisner, Adelaide House, London Bridge, London EC4R 9HA between the
hours of 9.30 am and 5.30 pm on any Business Day. The Prospectus
will also be submitted to the National Storage Mechanism, where it
will be available for inspection at
www.morningstar.co.uk/uk/nsm.
Expected timetable
Publication of Prospectus 20 June 2018
Last day of trading of the Shares 25 June 2018
on AIM
Expected delisting of the Shares 8.00 am on 26
from AIM June 2018
Expected admission of the Shares 8.00 am on 26
to the Official List June 2018
Expected commencement of dealings 8.00 am on 26
of the Shares on the Main Market June 2018
The times and dates set out in the expected timetable of
principal events above and mentioned in the Prospectus, and in any
other document issued in connection with Admission are subject to
change by the Company, in which event details of the new times and
dates will be notified to the UKLA, the London Stock Exchange and,
where appropriate, shareholders.
Liberum Capital Limited ("Liberum") is acting as sponsor to the
Company in connection with Admission.
The Company's existing shareholders should consult their own tax
advisers as to the tax implications of the Company's proposed move
to the Main Market. Generally, on the move to the Main Market, the
depository interests representing Ordinary Shares ("DIs") will
continue to be excluded from being "chargeable securities" and as a
result no stamp duty reserve tax (SDRT) will be payable by the
purchasers of those DIs.
For further details:
Plus500 Ltd
Elad Even-Chen, Chief Financial Officer
ir@Plus500.com
Tel: +972-4-8189503
Liberum - Sponsor, Nomad and Joint Broker
Clayton Bush, Neil Elliot, Josh Hughes, William Hall
www.liberum.com
Tel: 020 3100 2222
MHP Communications
Reg Hoare, Tim Rowntree, Kelsey Traynor
plus500@mhpc.com
Tel: 020 3128 8100
Important notices
Liberum, which is authorised and regulated in the United Kingdom
by the Financial Conduct Authority, is acting as sponsor
exclusively for the Company and no-one else in connection Admission
or any other matters referred to in this announcement and will not
be responsible to anyone, whether or not a recipient of this
announcement, other than the Company for providing the protections
afforded to its customers, nor for providing advice or otherwise in
relation to the contents of this announcement or any matter
referred to herein.
Apart from the responsibilities and liabilities, if any, which
may be imposed on Liberum by the Financial Services and Markets Act
2000 or the regulatory regime established thereunder, Liberum does
not accept any responsibility whatsoever for the contents of this
announcement, and makes no representation or warranty, express or
implied, for the contents of this announcement, including its
accuracy, completeness or verification, or for any other statement
made or purported to be made by it, or on its behalf, in connection
with the Company or Admission, and nothing in this announcement is
or shall be relied upon as, a promise or representation in this
respect whether as to the past or future. Liberum accordingly
disclaims to the fullest extent permitted by law all and any
liability whether arising in tort, contract or otherwise (save as
referred to above) which it might otherwise have in respect of this
announcement or any such statement.
This announcement contains forward-looking statements. By their
nature, forward-looking statements involve risks and uncertainties
because they relate to events and depend on circumstances that may
or may not occur in the future and therefore are based on current
beliefs and expectations about future events. Forward-looking
statements are not guarantees of future performance and the Group's
actual operating results and financial condition, and the
development of the industry in which it operates may differ
materially from those made in or suggested by the forward-looking
statements contained in this announcement. In addition, even if the
Group's operating results, financial condition and liquidity, and
the development of the industry in which the Group operates are
consistent with the forward-looking statements contained in this
announcement, those results or developments may not be indicative
of results or developments in subsequent periods. Accordingly,
existing shareholders and prospective investors should not rely on
these forward-looking statements.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Neither the Company nor
the directors of the Company undertake any obligation nor do they
intend to revise or update any document unless required to do so by
applicable law, the Prospectus Rules, the Disclosure Requirements
or the Transparency Rules.
This announcement is not an offer of securities for sale or
subscription in any jurisdiction nor is this announcement a
prospectus (or prospectus equivalent document). Investors should
not subscribe for or purchase any shares in the Company based on
this announcement.
Neither this announcement nor any part of it shall form the
basis of or be relied on in connection with or act as an inducement
to enter into any contract or commitment whatsoever. No reliance
may be placed for any purpose on the information contained in this
announcement or its accuracy or completeness. The material set
forth herein is for information purposes only.
Neither the content of the Company's website nor any website
accessible by hyperlinks to the Company's website is incorporated
in, or forms part of, this announcement.
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 rns@lseg.com or visit www.rns.com.
END
PDIBSGDLCXDBGIG
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June 20, 2018 10:44 ET (14:44 GMT)
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