AGM Results

Plus500 Limited

07 May 2024

 

7 May 2024                                                                                                                                          

Plus500 Ltd.

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

AGM Results

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. All but one of the resolutions (namely resolution 9, which was an advisory vote) 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	28,550,637	99.41	169,994	0.59	101	28,720,631	36.80
2. Re‐elect Elad Even‐Chen	28,545,005	99.39	175,727	0.61	-	28,720,732	36.80
3. Re‐elect Steve Baldwin	25,373,465	88.35	3,347,267	11.65	-	28,720,732	36.80
4. Re‐elect Varda Liberman	25,186,452	91.44	2,357,920	8.56	1,176,360	27,544,372	35.29
5. Re‐elect Jacob A. Frenkel	19,470,169	71.57	7,732,743	28.43	1,517,820	27,202,912	34.86
6. Re‐appoint the auditors and authorise Board to fix remuneration of auditors	28,425,614	98.97	294,517	1.03	601	28,720,131	36.80
7. Authorise issue of equity	28,710,238	99.96	10,494	0.04	-	28,720,732	36.80
8. Authorise issue of equity for acquisitions	28,710,238	99.96	10,294	0.04	200	28,720,532	36.80
9. Advisory vote ‐ Approve the Directors' Remuneration Report	9,806,191	34.14	18,914,159	65.86	382	28,720,350	36.80
10. Purchase own shares	26,948,713	94.38	1,603,855	5.62	168,164	28,552,568	36.58

To view the full wording of, and the votes required for, each of the resolutions, please refer to the Notice of 2024 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 20% or more of votes cast were cast against the Board's recommendation for resolutions 5 and 9, the latter of which is an advisory vote. On both resolutions, the Board consulted with shareholders. It takes the outcome of shareholder votes extremely seriously and will engage with shareholders and shareholder advisory bodies to ensure their feedback continues to inform the Company's approach to governance and remuneration taking into account the specific needs and profile of the Company. In accordance with the UK Corporate Governance Code, Plus500 will publish the outcome of this engagement in the next six months.

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 9 April 2024, 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 78,044,782 (excluding treasury shares), and the Company held 36,843,595 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 60 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.

 

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