Source - SMW
Plus500 said the the founders of the company have sold a total of 15.5 million shares at 650p a share, raising gross proceeds of £100.75m for them.

The placing is expected to settle on a T+5 basis on 6 October 2016, subject to the satisfaction or waiver of certain customary conditions. 

The company is not a party to the Placing and will not receive any proceeds from the Placing.