REG - Plus500 Ltd - AGM Results

Plus500Announcement

02/05/2023 15:45

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RNS Number : 1619Y  Plus500 Limited  02 May 2023

2 May 2023
 

Plus500 Ltd.

 

("Plus500", the "Company" or together with its subsidiaries the "Group")

AGM Results

Plus500, a global multi‐asset fintech group operating proprietary
technology‐based trading platforms, announces the results of resolutions
proposed at today's Annual General Meeting ("AGM").

Each of the resolutions proposed were voted on by way of a poll. All but one
of the resolutions (namely resolution 22, which was an advisory vote) were
passed by the requisite majorities. For information, the full results of the
poll are set out below:

 Resolutions                                                       For         % Votes cast  Against     % Votes cast  Vote Withheld  Total Votes Cast (excl. Votes Withheld)  % of issued share capital*
 1. Re‐elect David Zruia                                           42,020,540  98.19         774,890     1.81          831,508        42,795,430                               46.73
 2. Re‐elect Elad Even‐Chen                                        42,610,879  97.67         1,015,771   2.33          288            43,626,650                               47.63
 3. Re‐elect Steve Baldwin                                         30,677,514  70.32         12,949,136  29.68         288            43,626,650                               47.63
 4. Re‐elect Sigalia Heifetz                                       35,994,467  82.51         7,632,183   17.49         288            43,626,650                               47.63
 5. Re‐elect Varda Liberman                                        43,165,431  98.94         461,219     1.06          288            43,626,650                               47.63
 6. Re‐elect Jacob A. Frenkel                                      42,045,603  96.38         1,581,047   3.62          288            43,626,650                               47.63
 7. Re‐appoint the auditors                                        42,929,992  98.40         696,839     1.60          107            43,626,831                               47.63
 8. Authorise                                                      41,908,004  96.06         1,718,827   3.94          107            43,626,831                               47.63

 Board to fix

 remuneration of auditors
 9. Authorise issue of equity                                      42,792,540  98.09         834,291     1.91          107            43,626,831                               47.63
 10. Authorise issue of equity for acquisitions                    42,608,890  97.67         1,017,941   2.33          107            43,626,831                               47.63
 11. Purchase own shares                                           42,556,430  97.91         908,402     2.09          162,106        43,464,832                               47.46
 12. Approve                                                       43,623,690  99.99         317         0.01          2,931          43,624,007                               47.63

 increase in fees to Anne Grim
 13. Approve                                                       43,623,690  99.99         317         0.01          2,931          43,624,007                               47.63

 increase in fees to Tami Gottlieb
 14. Approve                                                       43,623,690  99.99         317         0.01          2,931          43,624,007                               47.63

 increase in fees

 to Steve Baldwin
 15. Approve                                                       43,623,690  99.99         317         0.01          2,931          43,624,007                               47.63

 increase in fees

 to Sigalia Heifetz
 16. Approve increase in                                           43,623,690  99.99         317         0.01          2,931          43,624,007                               47.63

 fees to Varda Liberman
 17. Approve increase in the remuneration of Jacob A. Frenkel      43,248,045  99.14         375,962     0.86          2,931          43,624,007                               47.63
 18. Allotment of shares to Jacob A. Frenkel                       31,055,615  71.19         12,570,392  28.81         931            43,626,007                               47.63
 19. Approve new remuneration policy for Directors and Executives  33,649,668  77.03         10,031,990  22.97         14,048,052     43,681,658                               47.69
 20. Approve remuneration terms for David Zruia                    33,827,996  77.44         9,853,769   22.56         14,047,945     43,681,765                               47.69
 21. Approve remuneration terms for Elad Even-Chen                 35,067,407  80.38         8,557,431   19.62         2,100          43,624,838                               47.63
 22. Advisory vote ‐ Approve the Directors' Remuneration Report    10,819,053  25.02         32,426,555  74.98         381,330        43,245,608                               47.22

To view the full wording of, and the votes required for, each of the
resolutions, please refer to the Notice of 2023 Annual General Meeting which
is available on the Company's website.

Votes withheld are not a vote in law and have not been counted in the
calculation of the votes for and against the resolution, the total votes
validly cast or the calculation of the proportion of issued share capital
voted.

The Board of Plus500 notes that 20% or more of votes were cast against the
Board's recommendation for five resolutions. The Board takes these votes very
seriously and will continue to engage with shareholders and shareholder
advisory bodies to ensure their feedback informs the Company's future approach
to governance and remuneration. In accordance with the UK Corporate Governance
Code, an update on the views received from shareholders and the actions taken
will be published by Plus500 during the next six months. The Board remains
fully committed to achieving high governance standards, while recognising the
importance of providing the appropriate incentives to the Group's Board and
Executive management, who continue to drive the value of Plus500's business
for shareholders.

Listing Rule 9.6.2 and total voting rights

In accordance with Listing Rule 9.6.2, copies of the resolutions that were
passed at the annual general meeting, which do not constitute ordinary
business will shortly be available for inspection via the National Storage
Mechanism:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

*As at 28 March 2023, the day on which shareholders had to be on the register
in order to be eligible to vote, the number of Ordinary Shares of NIS 0.01 in
issue, entitling the holders to vote on all the resolutions at the AGM, was
91,585,997 (excluding treasury shares), and the Company held 23,302,380
Ordinary Shares in treasury.

The voting poll results are available on the Company's website at
www.plus500.com.

For further details

 

 Plus500 Ltd.
 Elad Even-Chen, Chief Financial Officer  +972 4 8189503

                                          ir@Plus500.com (mailto:ir@Plus500.com)
 Dentons Global Advisors
 James Melville-Ross                      +44 (0)20 7664 5095

 James Styles                             plus500@dentonsglobaladvisors.com (mailto:plus500@dentonsglobaladvisors.com)

 Leah Dudley

 

About Plus500

 

Plus500 is a global multi-asset fintech group operating proprietary
technology-based trading platforms. Plus500 offers customers a range of
trading products, including OTC ("Over-the-Counter" products, namely Contracts
for Difference (CFDs)), share dealing, as well as futures and options on
futures. The Group retains operating licences and is regulated in the United
Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the
Seychelles, the United States, Estonia, Japan and the UAE and through its OTC
product portfolio, offers more than 2,500 different underlying global
financial instruments, comprising equities, indices, commodities, options,
ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade
its OTC products in more than 50 countries and in 30 languages. Plus500 does
not permit customers located in the US to trade its OTC products. Plus500 does
not utilise cold calling techniques and does not offer binary options.
Plus500's trading platforms are accessible from multiple operating systems
(Windows, iOS and Android) and web browsers. Customer care is and has always
been integral to Plus500, as such, OTC customers cannot be subject to negative
balances. A free demo account is available on an unlimited basis for OTC
trading platform users and sophisticated risk management tools are provided
free of charge to manage leveraged exposure and stop losses to help customers
protect profits, while limiting capital losses. Plus500 shares have a premium
listing on the Main Market of the London Stock Exchange (symbol: PLUS) and are
a constituent of the FTSE 250 index. www.plus500.com (http://www.plus500.com)
.

 

 

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