Director dealings: Plus500 co-founder lowers stake
Plus500 co-founder Alon Gonen sold 2.25m ordinary shares in the FTSE 250-listed trading service on Friday.
Financial Services
14,164.95
17:14 18/04/24
FTSE 250
19,450.67
17:14 18/04/24
FTSE 350
4,334.00
17:14 18/04/24
FTSE All-Share
4,290.02
16:54 18/04/24
Plus500 Ltd (DI)
2,100.00p
16:40 18/04/24
Gonen, who launched the firm with the help of five fellow Technion alumni back in 2008, disposed of the shares at an average price of 1,390p each, pocketing a total of £31,274,999.14.
Last week, the FCA proposed a permanent ban on the sale of binary options to retail customers and restrictions on the sale, marketing and distribution of CFDs.
The Financial Conduct Authority published two consultation papers to make permanent measures put in place by European regulators earlier this year, banning binary options and limiting CFDs to expert investors. The FCA said it was also looking to extending this to "closely substitutable" products, which could include turbos.
Plus500 said it "already operates in compliance with these proposed changes" and "has never offered binary options and so is not impacted by this proposed intervention".
As of 1600 GMT, Plus500 shares had slipped 3.95% to 1,385p.
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Iwg (IWG)
Director name: Dixon,Mark
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Talktalk Telecom Group (TALK)
Director name: Dunstone,Charles W
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Value: £910,894.08
Ultra Electronics Holdings (ULE)
Director name: Pryce,Simon
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Baillie Gifford Japan Trust (BGFD)
Director name: Kidd,David
Amount purchased: 5,000 @ 756.85p
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Charles Taylor (CTR)
Director name: Gideon Marock ,David
Amount purchased: 4,689 @ 211.95p
Value: £9,938.34
Charles Taylor (CTR)
Director name: Gideon Marock ,David
Amount purchased: 4,681 @ 212.30p
Value: £9,937.76
Iwg (IWG)
Director name: Dixon,Mark
Amount purchased: 4,895 @ 203.00p
Value: £9,936.85
Iwg (IWG)
Director name: Dixon,Mark
Amount purchased: 3,174 @ 203.00p
Value: £6,443.22
Plastics Capital (PLA)
Director name: Butler-Wheelhouse,Keith O
Amount purchased: 5,000 @ 109.92p
Value: £5,496.25
Iwg (IWG)
Director name: Dixon,Mark
Amount purchased: 2,500 @ 203.00p
Value: £5,075.00
Plastics Capital (PLA)
Director name: Butler-Wheelhouse,Keith O
Amount purchased: 1,500 @ 110.00p
Value: £1,650.00
Sthree (STHR)
Director name: Elden,Gary
Amount purchased: 73 @ 257.00p
Value: £187.61
Sthree (STHR)
Director name: Smith,Alex
Amount purchased: 72 @ 257.00p
Value: £185.04
Charles Stanley Group (CAY)
Director name: Abberley,Paul
Amount purchased: 54 @ 277.80p
Value: £150.01
Charles Stanley Group (CAY)
Director name: Teper,Gary
Amount purchased: 54 @ 277.80p
Value: £150.01
Charles Stanley Group (CAY)
Director name: Coutts,Ben Money
Amount purchased: 54 @ 277.80p
Value: £150.01
Go-ahead Group (GOG)
Director name: Ferguson,Carolyn
Amount purchased: 9 @ 1,607.40p
Value: £144.67
Go-ahead Group (GOG)
Director name: Brown,David
Amount purchased: 9 @ 1,607.40p
Value: £144.67
Top Director Sells
Plus500 Ltd (di) (PLUS)
Director name: Gonen ,Alon
Amount sold: 2,250,000 @ 1,390.00p
Value: £31,274,999.14