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Plus500 FY Profit Down; To Buy Back Up To Addl $30 Mln Of Shares - Quick Facts

Plus500 Limited (PLUS.L) reported that its profit and comprehensive income for the year ended 31 December 2019 declined to $151.7 million or $1.35 per share from $379.0 million or $3.33 per share in the prior year.

Trading income for the year decreased to $354.5 million from $720.4 million in the prior year.

The company said its board has approved a new programme to buy back up to an additional $30.0 million of the company's shares, following the completion of the $50.0 million buyback programme announced on 13 August 2019.

The company declared a final dividend for the year ended 31 December 2019 of $40.8 million, representing $0.3767 per share, with an ex-dividend date of 27 February 2020, a record date of 28 February 2020 and a payment date of 13 July 2020.

The company said it remains optimistic about the potential to deliver growth in existing and new markets, as well as continue providing strong shareholder returns.

The Board is confident that the company will continue to deliver strong financial and operational results.

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