REG - Plus500 Ltd - AGM Results

Plus500Announcement

07/05/2024 15:00

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RNS Number : 4731N  Plus500 Limited  07 May 2024

7 May 2024
 

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 9, 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                                          28,550,637  99.41         169,994     0.59          101            28,720,631                               36.80
 2. Re‐elect Elad Even‐Chen                                       28,545,005  99.39         175,727     0.61          -              28,720,732                               36.80
 3. Re‐elect Steve Baldwin                                        25,373,465  88.35         3,347,267   11.65         -              28,720,732                               36.80
 4. Re‐elect Varda Liberman                                       25,186,452  91.44         2,357,920   8.56          1,176,360      27,544,372                               35.29
 5. Re‐elect Jacob A. Frenkel                                     19,470,169  71.57         7,732,743   28.43         1,517,820      27,202,912                               34.86
 6. Re‐appoint the auditors and authorise                         28,425,614  98.97         294,517     1.03          601            28,720,131                               36.80

 Board to fix

 remuneration of auditors
 7. Authorise issue of equity                                     28,710,238  99.96         10,494      0.04          -              28,720,732                               36.80
 8. Authorise issue of equity for acquisitions                    28,710,238  99.96         10,294      0.04          200            28,720,532                               36.80
 9. Advisory vote ‐ Approve the Directors' Remuneration Report    9,806,191   34.14         18,914,159  65.86         382            28,720,350                               36.80
 10. Purchase own shares                                          26,948,713  94.38         1,603,855   5.62          168,164        28,552,568                               36.58

To view the full wording of, and the votes required for, each of the
resolutions, please refer to the Notice of 2024 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 cast were cast against
the Board's recommendation for resolutions 5 and 9, the latter of which is an
advisory vote. On both resolutions, the Board consulted with shareholders. It
takes the outcome of shareholder votes extremely seriously and will engage
with shareholders and shareholder advisory bodies to ensure their feedback
continues to inform the Company's approach to governance and remuneration
taking into account the specific needs and profile of the Company. In
accordance with the UK Corporate Governance Code, Plus500 will publish the
outcome of this engagement in the next six months.

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 9 April 2024, 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
78,044,782 (excluding treasury shares), and the Company held 36,843,595
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

   Owen Jones, Head of Investor Relations    +44 (0) 7551 654208

                                             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)

   Methuselah Tanyanyiwa

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, the UAE and the Bahamas 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 60 countries and in 30 languages.

Plus500's trading platforms are accessible from multiple operating systems
(iOS, Android and Windows) 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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