REG - Plus500 Ltd - Update in relation to 2024 EGM

Plus500Announcement

12/07/2024 07:00

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RNS Number : 1171W  Plus500 Limited  12 July 2024

 

12 July
2024

Plus500 Ltd.

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

Update in relation to 2024 Extraordinary General Meeting

Plus500, a global multi-asset fintech group operating proprietary
technology-based trading platforms, today issues an update on the actions
taken following the voting outcomes at its Extraordinary General Meeting
("EGM") held on 8 January 2024, in accordance with Provision 4 of the UK
Corporate Governance Code (the "Code").

At the 2024 EGM, three resolutions proposed were passed with more than 20% of
votes cast against. The resolutions related to the election of Ms. Anne Grim
as Non-Executive Director (77.60% of votes cast were for), the election of Ms.
Tami Gottlieb as Non-Executive Director and External Director (78.47%) and the
election of Mr. Daniel King as Non-Executive Director and External Director
(75.24%).

Since the EGM, consistent with the Company's commitment to maintaining
ongoing, transparent dialogue with its shareholders, the Board has set out to
engage with several key shareholders and shareholder advisory bodies, and
accordingly, the Board has already put in place an engagement plan and has
been approaching some of these parties.

The Company also notes that the advisory bodies previously recommended
shareholders vote "For" in relation to these resolutions, and it believes such
recommendations remain in the best interests of all shareholders. The Company
will continue to gather feedback from the relevant shareholders in order to
better understand their views in relation to the resolutions.

The Board as a whole is of the opinion that the contributions of each of the
Board members elected at the EGM is of significant value to the Company, and
therefore reaffirms its belief that Ms. Grim, Ms. Gottlieb and Mr. King remain
highly suitable for their positions as Non-Executive Directors.

The Board will continue to take shareholders' views into consideration as part
of its approach to achieving high governance standards and delivering
long-term shareholder value.

In accordance with provision 4 of the Code, a final update on this matter will
be included in the Company's 2024 Annual Report.

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)
 DGA Group
 James Melville-Ross                      +44 (0)20 7664 5095

 James Styles                             Plus500@dgagroup.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 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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