EGM Results

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	55,956,304	70.61%
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

*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   Owen Jones, Head of Investor Relations	[phone] [phone] [e-mail]
Dentons Global Advisors
James Melville-Ross   James Styles   Methuselah Tanyanyiwa	[phone] [e-mail]

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.

 

END