Plus500 Appoints Anne Grim as a Non-Executive Director

Following its annual general meeting (AGM) on Wednesday, Plus500 announced today that it has appointed Anne Grim to its Board as a Non-Executive Director, starting with immediate effect.

According to the London listed broker’s statement today, Grim has taken on her new position after receiving approval from the company’s shareholders at its AGM yesterday.

Grim joins Plus500’s Board of Directors with three decades worth of experience in the financial services sector. Across her career, she has held senior roles at well-known financial institutions, such as American Express, Barclays and Wells Fargo, among others.

In addition to her appointment at the Israel based broker, Grim is a Non-Executive Director of Metro Bank plc, Openwork Ltd and Insight Investment.

Commenting on the appointment, Penny Judd, Chairman, said in the statement: "I would like to welcome Anne to the Board of Plus500. She is an excellent addition, given her expertise in customer experience, strategic planning and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, technology innovation and business transformation. We look forward to working with her in the future."

Plus500 Buys 33,000 Own Shares

In addition to announcing the appointment of Grim, today Plus500 has published a new announcement concerning its most recent share buyback program.

According to a statement filed through the London Stock Exchange (LSE), the broker repurchased 33,000 of its own ordinary shares, each through Credit Suisse Securities (Europe) Limited, on the 16th of September 2020.

The volume weighted average price paid per share by the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term provider of contracts for differences (CFDs) for its latest batch of shares was £14.75. Therefore, the firm paid around £486,858.90 for its most recent bundle yesterday.

The lowest price paid per share by the broker was £14.64 and the highest price paid per share by Plus500 was £15.01. In its latest round, the trading company is planning on repurchasing $67.3 million worth of its own shares.