Statement in Relation to 2022 AGM Results

RNS Number : 3924E

Plus500 Limited

28 October 2022

 

28 October 2022

Plus500 Ltd.

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

Statement in relation to 2022 AGM results

Following the AGM of the Company held on 3 May 2022 (the "AGM"), and in line with Provision 4 of the UK Corporate Governance Code, the Board of Plus500, a global multi-asset fintech group, has released this statement to provide an update to shareholders on the actions taken following the outcome of certain resolutions at the AGM.

At the AGM, three of the resolutions which were passed had more than 20% of votes cast against them. These resolutions related to an advisory vote on the Directors' Remuneration Report, the re-election of one of the Board's Independent Non-Executive Directors and an allotment of shares to the Chair of the Board.

Members of the Board engaged with several shareholders and shareholder advisory bodies to fully understand their perspective on these resolutions, and on the Group's overall framework for governance and remuneration. As a result, the Board believes it has a good understanding of the rationale regarding the votes cast against and where appropriate will take these views into consideration in the Group's future approach to these areas.

All other resolutions at the AGM were passed by a majority of at least 80% of votes cast in favour, with a number of these resolutions relating to remuneration increases of the Chair and the Independent Non-Executive Directors. This support demonstrates shareholders' overall on-going recognition of the importance of providing appropriate incentives to attract and retain high quality individuals to the Board whose stewardship is helping to drive the value of Plus500's business as the Group successfully continues to deliver against its strategic objectives.

The Board remains fully committed to achieving the highest governance standards and will continue to engage regularly with shareholders and to consider their views in its decision making.

For further details:

Plus500 Ltd. Elad Even-Chen, Chief Financial Officer Rob Gurner, Head of Investor Relations	[phone] [phone] [e-mail]
Brunswick Charles Pretzlik, Partner Paul Durman, Partner	[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 and Japan 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

 

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