StockMarketWire.com - Plus500 has confirmed a strong Q1 performance with a record number of active customers, also reporting a strong EBITDA margin for the three-month period.

The company said it had entered Q2 2017 with positive momentum. "The Board believes that this performance is consistent with current market expectations for the full year," the company said.

Directors reaffirmed its base 60% pay-out ratio dividend policy, reflecting the strength of Plus500's business model in its ability to convert net earnings into cash-flow.

"The Board also retains flexibility to pay special dividends or buy back shares when the Company generates surplus cash, as appropriate."

In a separate statement, Plus500 said non-executive director Penelope Judd would become chairman of its board. It also appointed Steve Baldwin as a non-executive director, effective from June 1.




At 9:32am: [LON:PLUS] Plus500 Ltd share price was +19.25p at 463.5p



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