Result of AGM

RNS Number : 1547K
Plus500 Limited
03 May 2022
 

 

3 May 2022 

 

Plus500 Ltd.

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

Result of AGM

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. The vast majority of the resolutions proposed (19 resolutions out of 20) 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

51,409,128

84.39

9,506,282

15.61

107

 

60,915,410

 

61.2 4

2.  Re‐elect E lad Even-Chen

 

54,036,061

 

 

91.1

 

 

5,279,605

 

 

8.9

 

 

1,599,851

 

 

59,315,666

 

59.63

3.  Re‐elect S teve Baldwin

 

47,426,977

 

 

80.5

 

 

11,490,389

 

 

19.5

 

 

1,998,151

 

 

58,917,366

 

59.23

4.  Re‐elect Sigalia Heifetz

 

46,731,884

 

 

79.32

 

 

12,185,482

 

 

20.68

 

 

1,998,151

 

 

58,917,366

 

59.23

5. Re‐elect Varda Liberman

 

55,089,582

 

 

93.5

 

 

3,827,784

 

 

6.5

 

 

1,998,151

 

 

58,917,366

 

59.23

6.  Re‐elect Jacob A. Frenkel

 

55,632,504

 

 

94.42

 

 

3,284,862

 

 

5.58

 

 

1,998,151

 

 

58,917,366

 

59.23

7. Re‐appoint the auditors

 

58,228,721

 

 

95.59

 

 

2,686,689

 

 

4.41

 

 

107

 

 

60,915,410

 

61.2 4

8. Authorise Board to fix remuneration of auditors

 

53,666,394

 

 

88.1

 

 

7,249,016

 

 

11.9

 

 

107

 

 

60,915,410

 

61.2 4

9. Authorise issue of equity

 

54,513,092

 

 

89.49

 

 

6,402,318

 

 

10.51

 

 

107

 

 

60,915,410

 

61.2 4

10. Authorise issue of equity for acquisitions

53,246,394

 

87.41

 

7,669,016

 

12.59

 

107

 

60,915,410

 

61.2 4

11. Purchase own shares

 

54,854,593

 

 

93.43

 

 

3,857,322

 

 

6.57

 

 

2,203,602

 

5 8,711,915

59.02

12. Approve increase in fees to Anne Grim

 

50,067,752

 

82.2

 

10,842,765

 

17.8

5,000

60,910,517

61.23

13. Approve increase in fees to Tami Gottlieb

 

50,067,752

 

82.2

 

10,842,765

 

17.8

5,000

60,910,517

61.23

14. Approve increase in fees to Daniel King

 

50,067,752

 

82.2

 

10,842,765

 

17.8

5,000

60,910,517

61.23

15. Approve increase in fees to Steve Baldwin

 

50,067,752

 

82.2

 

10,842,765

 

17.8

5,000

60,910,517

61.23

16. Approve increase in fees to Sigalia Heifetz

 

50,067,752

 

82.2

 

10,842,765

 

17.8

5,000

60,910,517

61.23

17. Approve fees to Varda Liberman

 

50,067,752

 

82.2

 

10,842,765

 

17.8

5,000

60,910,517

61.23

18. Approve increase in the remuneration of Jacob A. Frenkel

51,112,544

83.91

9,797,973

16.09

5,000

60,910,517

61.23

19. Allotment of shares to Jacob A. Frenkel

45,361,405

74.47

15,554,112

25.53

-

60,915,517

61.2 4

20. Advisory vote - Approve the Directors' Remuneration Report

27,480,108

45.12

33,430,409

54.88

5,000

60,910,517

61.23

 

To view the full wording of, and the votes required for, each of the resolutions, please refer to the Notice of 2022 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 more than 20% of votes were cast against three resolutions. The Board takes these votes very seriously and will 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 feedback received from shareholders will be published by Plus500 during the next six months . The Board remains fully committed to achieving the highest 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

*As at 30 March 2022 , 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 99,471,903 (excluding treasury shares), and the Company held 15,416,474 Ordinary Shares in treasury.

The voting poll results are available on the Company's website at www.plus500.com . A recording of the AGM is available - shareholders should contact ir@plus500.com for details.

 

For further details  

Plus500 Ltd.

Elad Even-Chen, Chief Financial Officer

Rob Gurner, Head of Investor Relations

+972 4 8189503

+44 7825 189088

ir@Plus500.com

 

Brunswick

Charles Pretzlik, Partner

Paul Durman, Partner

 

 

+44 207 404 5959

plus500@brunswickgroup.com

 

 

 

 

 

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 Contracts for Difference ("CFDs") and share dealing, as well as futures and options on futures.

 

The Group retains operating licenses and is regulated in the United Kingdom, Australia, Cyprus, Israel, Japan, New Zealand, South Africa, Singapore, the United States, Estonia and the Seychelles and through its CFDs 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 CFDs in more than 50 countries and in 30 languages. Plus500 does not permit customers located in the US to trade CFDs.

 

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, CFD customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for CFD 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

 

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