London-listed CFD provider Plus500 saw its shares climb by more than 11 per cent Friday morning as the company announced a $10m share buyback programme and improved trading in the second quarter.

The company says its plans to buy back up to US$10m in shares while retaining its base 60 per cent payout ratio dividend policy, with the board retaining flexibility to pay special dividends or buy back shares when surplus cash allows.

The share buyback programme commences today through to August 31st, up to a maximum of 10 per cent of the company's issued share capital or 11.48m shares.

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