Plus500 founders take advantage of good results to sell off shares

The Israeli founders of online spread betting and CFD firm Plus500 (which Playtech‘s Teddy Sagi nearly bought last year) have taken advantage of a good 2015 performance by the company to sell off a substantial chunk of their holdings, between them selling over $130 million’s worth of shares.

Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Following a successful half-year in which Plus500 revenue soared 25 percent y-o-y to reach almost $159 million, and profits grew 10 percent to $44.5 million, the shares sold by the founders went at around 650 pence each. Several smaller stakeholders also seized the opportunity to realise profits.

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