REG - Plus500 Ltd - EGM Results

Plus500Announcement

08/01/2024 13:30

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RNS Number : 9837Y  Plus500 Limited  08 January 2024

8 January 2024
 

Plus500 Ltd.

 

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

EGM Results

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

The resolutions proposed were voted on by way of a poll and passed by the
requisite majority. For further 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. Elect Anne Grim      43,201,875  77.60%        12,468,756  22.40%        328,470        55,670,631                               70.25%

 2. Elect Tami Gottlieb  43,909,511  78.47%        12,046,793  21.53%        42,797                                                  70.61%

                                                                                            55,956,304

 3. Elect Daniel King    40,589,936  75.24%        13,353,777  24.76%        2,055,388      53,943,713                               68.07%

To view the full wording of, and the votes required for, each of the
resolutions, please refer to the Notice of Extraordinary 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 more than 20% votes were cast against the
Board's recommendation for the resolutions, and therefore intends to engage
with shareholders and shareholder advisory bodies to better understand their
views in this regard. 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.

Listing Rule 9.6.2 and total voting rights

In accordance with Listing Rule 9.6.2, a copy of the resolutions that were
passed at the Extraordinary 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 8 December 2023, the day on which shareholders were required 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
EGM, was 79,246,519 (excluding treasury shares), and the Company held
35,641,858 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 50 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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