Plus500 announces grant of shares to directors under bonus scheme

Online trading company Plus500 Ltd (LON:PLUS) today announced granting of shares under incentives plan to a number of its directors, including Group CEO David Zruia.

On December 31, 2021, Plus500 issued a total of 107,387 ordinary shares of NIS 0.01 out of the Ordinary Shares held in treasury, as follows:

• 5,780 Ordinary Shares to certain persons to satisfy deferred payments due to them under Plus500’s 2019 bonus scheme. The number of Ordinary Shares allotted was calculated based on a price of 1,370 pence per Ordinary Share as adjusted for dividends. The 2019 bonus scheme includes a further 4,612 vested Ordinary Shares, calculated based on a price of 1,370 pence per Ordinary Share which will be adjusted for dividends on the relevant issuance dates.
• 24,434 Ordinary Shares to certain persons (including PDMRs and/or their PCAs) to satisfy deferred payments due to them under the company’s 2020 bonus scheme. The number of Ordinary Shares allotted was calculated based on a price of 886 pence per Ordinary Share as adjusted for dividends. The 2020 bonus scheme includes a further 37,532 vested Ordinary Shares, calculated based on a price of 886 pence per Ordinary Share which will be adjusted for dividends on the relevant issuance dates.
• 58,062 Ordinary Shares to PDMRs and/or their PCAs to satisfy deferred payments due to them under the Company’s 2021 bonus scheme. The number of Ordinary Shares allotted was calculated based on a price of 1,450 pence per Ordinary Share as adjusted for dividends; and
• 19,111 Ordinary Shares to PDMRs and/or their PCAs to satisfy payments due to them under the Company’s vested 2019 LTIP grant scheme. The number of Ordinary Shares allotted was calculated based on a price of 1,370 pence per Ordinary Share as adjusted for dividends.

In addition, Plus500 announces that, at the date of grant of the 2020, 2021 and 2022 LTIP awards (being 1 January 2020, 1 January 2021 and 2 January 2022, respectively, each with vesting periods of three years) a total of 75,627, 122,496 and 153,134 Ordinary Shares, respectively, were granted to PDMRs and/or PCAs.

On the relevant vesting dates, the Company will announce the number of Ordinary Shares (out of the Ordinary Shares held in treasury) which have vested. The number of Ordinary Shares to be allotted for the 2020, 2021 and 2022 LTIP awards will be calculated based on a price of 886 pence, 1,450 pence and 1,291 pence, respectively, per Ordinary Share as adjusted for dividends.

The broker also announces that on 2 January 2022 it granted 262,984 restricted share units (“RSUs”) over Ordinary Shares to executive directors and certain employees of the Company and its subsidiaries in respect of their remuneration packages for the 2022 financial year. Each RSU represents an unfunded, unsecured right to receive, on the applicable settlement date, one Ordinary Share (subject to certain performance goals and to the terms of the Company’s 2020 Equity Incentive Plan).

Finally, Plus500 announces that on 2 January 2022 it granted 63,274 Ordinary Shares under the Company’s 2022 deferred bonus scheme. The number of Ordinary Shares to be allotted for the 2022 deferred bonus scheme will be calculated based on a price of 1,291 pence per Ordinary Share as adjusted for dividends.