May 24, 2018 / 6:04 AM / a month ago

BRIEF-Plus500 eyes premium London listing

May 24 (Reuters) - Plus500 Ltd:

* INTENTION TO APPLY FOR ADMISSION TO PREMIUM SEGMENT OF OFFICIAL LIST AND TO TRADING ON MAIN MARKET

* COMPANY BELIEVES THAT MAIN MARKET IS MOST APPROPRIATE TRADING PLATFORM FOR CONTINUED GROWTH OF GROUP AND, TOGETHER WITH A PREMIUM LISTING, WILL: . PROVIDE A MORE APPROPRIATE PLATFORM FOR CONTINUED GROWTH OF GROUP AND FURTHER RAISE ITS PROFILE AND STATUS

* INCREASE PROFILE OF GROUP IN UK AND INTERNATIONALLY, THEREBY HELPING IT TO ATTRACT NEW CUSTOMERS

* ADMISSION WILL BE EFFECTED THROUGH AN INTRODUCTION OF ALL OF EXISTING ISSUED ORDINARY SHARES. COMPANY WILL NOT BE ISSUING ANY NEW ORDINARY SHARES IN CONJUNCTION WITH PROPOSED ADMISSION.

* IT IS EXPECTED THAT COMPANY WILL PUBLISH A PROSPECTUS IN CONNECTION WITH ADMISSION WEEK COMMENCING 18 JUNE 2018 AND THAT ORDINARY SHARES WILL BE ADMITTED TO OFFICIAL LIST AND COMMENCE TRADING ON MAIN MARKET, SIMULTANEOUSLY WITH TRADING BEING CANCELLED ON AIM ON 25 JUNE 2018 Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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