Acquisition

RNS Number : 3633F

Plus500 Limited

21 March 2022

 

21 March 2022   

Plus500 Ltd.

("Plus500", the "Company" or together with its subsidiaries the "Group")

Acquisition

Plus500 further strengthens its position as a global multi-asset fintech group

 with first entry into the substantial Japanese retail trading market

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces its entry into the Japanese market through the acquisition of EZ Invest Securities, Co., Ltd. ("EZ Invest").

EZ Invest is licenced as a Type 1 Financial Instruments Business Operator, regulated by Japan's Financial Services Agency (FSA) and a member of the Japan Securities Dealers Association (JSDA) and the Financial Futures Association of Japan (FFAJ). EZ Invest's offering includes CFDs and OTC Foreign Exchange.

This acquisition represents a major growth opportunity for Plus500 and further strengthens its strategic position as a global multi-asset fintech group, by diversifying the Group's geographic footprint through an immediate presence in the substantial retail trading market in Japan.

Plus500 will apply its considerable financial and technological strength, including its proprietary trading platform and market-leading technological marketing expertise, to scale and develop the business over time.

David Zruia, Chief Executive Officer of Plus500, commented:

"We are delighted to announce our entry into the Japanese market, with the acquisition of EZ Invest. This acquisition represents an important strategic step for Plus500 as we continue to strengthen our position as a global multi-asset fintech group, by further diversifying our geographic footprint. I am excited about the opportunities available in the substantial Japanese retail trading market and, given Plus500's considerable technological expertise and robust financial capability, I am confident that we will be able to maximise this opportunity."

For further details Plus500 Ltd Elad Even-Chen, Chief Financial Officer Rob Gurner, Head of Investor Relations [phone] [phone] [e-mail] MHP Communications Reg Hoare, Pete Lambie [phone] [e-mail]

About Plus500

Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including Contracts for Difference ("CFDs") and share dealing, as well as futures and options on futures.

The Group retains operating licenses and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the United States, Estonia, Japan and the Seychelles and through its CFDs product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade CFDs in more than 50 countries and in 30 languages. Plus500 does not permit customers located in the US to trade CFDs.

In 2021, the Company acquired Cunningham Commodities LLC , a Futures Commission Merchant, and Cunningham Trading Systems LLC , a technology trading platform provider, both of which operate in the futures and options on futures market in the US, enabling Plus500 immediate access to that sizable and growing market. Also in 2021, the Company launched a new share dealing platform, 'Plus500 Invest', across a number of product offerings, including a wide range of financial instruments comprising of the world's most popular equities, listed on major exchanges worldwide.

Plus500 does not utilise cold calling techniques and does not offer binary options. Plus500's trading platforms are accessible from multiple operating systems (Windows, iOS and Android) and web browsers. Customer care is and has always been integral to Plus500, as such, CFD customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for CFD platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure, and stop losses to help customers protect profits, while limiting capital losses.

Plus500 shares have a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index. www.plus500.com

Forward looking statements

This announcement contains statements that are or may be forward-looking statements.  All statements other than statements of historical facts included in this announcement may be forward-looking statements, including statements that relate to the Company's future prospects, developments and strategies. The Company does not accept any responsibility for the accuracy or completeness of any information reported by the press or other media, nor the fairness or appropriateness of any forecasts, views or opinions express by the press or other media regarding the Group. The Company makes no representation as to the appropriateness, accuracy, completeness or reliability of any such information or publication.

Forward-looking statements are identified by their use of terms and phrases such as "believe", "targets", "expects", "aim", "anticipate", "projects", "would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions.  The forward-looking statements in this announcement are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements.  Factors that may cause actual results to differ materially from those expressed or implied by such forward looking statements include, but are not limited to, those described in the risk factors.  These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of such entity and the environment in which each will operate in the future.  All subsequent oral or written forward-looking statements attributed to the Company or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. Each forward-looking statement speaks only as at the date of this announcement.  Except as required by law, regulatory requirement, the Listing Rules and the Disclosure Guidance and Transparency Rules, neither the Company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

 

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