Israel-based online trading platform operator Plus500 Ltd. intends to move trading in its ordinary shares to the London Stock Exchange's main market from the AIM sub-market, in a bid to increase the company's profile and facilitate a potential inclusion in the FTSE indexes.
Shares in Plus500 are expected to commence trading on the main market June 25, subject to approvals from the U.K. Listing Authority and the LSE. The company will not issue new shares as part of the market transfer and its shares will remain traded under the ticker PLUS.
Plus500 said May 24 that the transfer will help it attract customers and result in its shares "becoming an improved currency for any acquisitions, as appropriate," among other things.
Liberum Capital Ltd. is acting as sponsor to Plus500 in connection with the transfer.
