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
|
+972 4 8189503
+44 (0) 7551 654208
ir@Plus500.com
|
Dentons Global Advisors
|
|
James
Melville-Ross
James Styles
Methuselah
Tanyanyiwa
|
+44 (0)20 7664 5095
Plus500@dentonsglobaladvisors.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 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.