18th Oct 2013 17:26
LONDON (Alliance News) - Plus500 Ltd said non-executive director Charles Fairbairn purchased 50,000 shares at 169.47 pence each on Friday, his second large purchase of shares this week.
The company, which provides a platform for retail customers to trade CFDs internationally, said Fairbairn's holding is now 165,217 shares, or 0.14% of its issued share capital.
Plus500 shares have risen strongly since Wednesday's close of 128 pence, the day before it said it expects to "comfortably exceed" revenue expectations and "substantially exceed" profit expectations for the year ending December 31, after a 66% increase in third quarter revenue to USD20.0 million.
Earlier Friday, Plus500 said Fairbairn bought 50,000 shares on Thursday at 148 pence per share, which had taken his holding to 115,217 shares.
Plus500 shares Friday closed at 173.396 pence, up 18%.
By Samuel Agini; [email protected]; @samuelagini
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