Plus500 said on Friday that Ofir Chudin, CEO of the broker’s Cypriot entity, sold 30,000 ordinary shares on Thursday.
The transaction was executed on the London Stock Exchange at £41.18 per share, putting the total value of the disposal at roughly £1.24 million, according to the company’s regulatory filing.
The sale is the latest in a run of insider disposals at the FTSE 250-listed broker. Recent London Stock Exchange filings show that Chief Regulation Officer Yevgeni Shtuckmeyster sold 22,240 shares worth around £925,000 across three trades in early March.
Before that, CEO David Zruia, CFO Elad Even-Chen, and CMO Nir Zats sold a combined 1.5 million shares worth approximately £66.7 million in February. CTO Al Yaros also disposed of 20,000 shares later that month.
The disposals have taken place alongside the company’s share buyback programme, which commenced on February 16. Plus500 repurchased 14,962 shares on Wednesday through broker Panmure Liberum Limited at a volume-weighted average price of 4,136.76 pence per share.
