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Plus500 Ltd. (“Plus500”, “the Company” or together with its subsidiaries “the Group”) Acquisition
April 21, 2021 GMT
LONDON (BUSINESS WIRE) Apr 21, 2021
Plus500, a leading technology platform for trading Contracts for Difference (“CFDs”) internationally, today announces that it has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC. (“Cunningham”), a regulated Futures Commission Merchant (“FCM”), and Cunningham Trading Systems LLC. (“CTS”), a technology trading platform provider, operating in the futures and options on futures market in the US (together “the Acquisition”).
Compelling strategic rationale
Plus500 Ltd (Plus500, the Company or together with its subsidiaries the Group) Acquisition
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Simon Callander, General Counsel and Company Secretary Disclosure requirements of the Takeover Code Under Rule 8.3(a) of the Takeover Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person s interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made