22nd May 2015 09:48
LONDON (Alliance News) - Plus500 Ltd shares were suspended from trading on London's AIM on Friday, ahead of an annoucement.
The news was revealed in a stock exchange document. Shares had fallen by about 30% prior to suspension.
The suspension comes just days after the contracts-for-difference company said it had suspended some UK customer accounts amid a move to tighten its anti-money laundering procedures.
Plus500 has also become a target of short-sellers, according to a table published by the Financial Conduct Authority, meaning that some investors are betting on a fall in the company's share price.
The table shows the net short position held by a trio of companies over Plus500.
| Coltrane Asset Management, L.P. | PLUS500 LTD | IL0011284465 | 0.54 | 2015-02-24 |
| Sophos Capital Management, L.P. | PLUS500 LTD | IL0011284465 | 0.61 | 2015-05-18 |
| Valiant Capital Management, LP | PLUS500 LTD | IL0011284465 | 0.62 | 2015-05-19 |
By Samuel Agini; [email protected]; @samuelagini
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