TIDMPLUS
RNS Number : 1619Y
Plus500 Limited
02 May 2023
2 May 2023
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 22, 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 Against % Votes Vote Withheld Total % of
cast cast Votes issued
Cast (excl. share
Votes capital*
Withheld)
1. Re--elect
David Zruia 42,020,540 98.19 774,890 1.81 831,508 42,795,430 46.73
----------- -------- ----------- -------- -------------- ------------- ----------
2. Re--elect
Elad Even--Chen 42,610,879 97.67 1,015,771 2.33 288 43,626,650 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
3. Re--elect
Steve Baldwin 30,677,514 70.32 12,949,136 29.68 288 43,626,650 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
4. Re--elect
Sigalia Heifetz 35,994,467 82.51 7,632,183 17.49 288 43,626,650 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
5. Re--elect
Varda Liberman 43,165,431 98.94 461,219 1.06 288 43,626,650 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
6. Re--elect
Jacob A. Frenkel 42,045,603 96.38 1,581,047 3.62 288 43,626,650 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
7. Re--appoint
the auditors 42,929,992 98.40 696,839 1.60 107 43,626,831 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
8. Authorise
Board to fix
remuneration
of auditors 41,908,004 96.06 1,718,827 3.94 107 43,626,831 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
9. Authorise
issue of equity 42,792,540 98.09 834,291 1.91 107 43,626,831 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
10. Authorise
issue of equity
for acquisitions 42,608,890 97.67 1,017,941 2.33 107 43,626,831 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
11. Purchase
own shares 42,556,430 97.91 908,402 2.09 162,106 43,464,832 47.46
----------- -------- ----------- -------- -------------- ------------- ----------
12. Approve
increase in
fees to Anne
Grim 43,623,690 99.99 317 0.01 2,931 43,624,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
13. Approve
increase in
fees to Tami
Gottlieb 43,623,690 99.99 317 0.01 2,931 43,624,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
14. Approve
increase in
fees
to Steve Baldwin 43,623,690 99.99 317 0.01 2,931 43,624,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
15. Approve
increase in
fees
to Sigalia
Heifetz 43,623,690 99.99 317 0.01 2,931 43,624,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
16. Approve
increase in
fees to Varda
Liberman 43,623,690 99.99 317 0.01 2,931 43,624,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
17. Approve
increase in
the remuneration
of Jacob A.
Frenkel 43,248,045 99.14 375,962 0.86 2,931 43,624,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
18. Allotment
of shares
to Jacob A.
Frenkel 31,055,615 71.19 12,570,392 28.81 931 43,626,007 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
19. Approve
new remuneration
policy for
Directors
and Executives 33,649,668 77.03 10,031,990 22.97 14,048,052 43,681,658 47.69
----------- -------- ----------- -------- -------------- ------------- ----------
20. Approve
remuneration
terms for
David Zruia 33,827,996 77.44 9,853,769 22.56 14,047,945 43,681,765 47.69
----------- -------- ----------- -------- -------------- ------------- ----------
21. Approve
remuneration
terms for
Elad Even-Chen 35,067,407 80.38 8,557,431 19.62 2,100 43,624,838 47.63
----------- -------- ----------- -------- -------------- ------------- ----------
22. Advisory
vote -- Approve
the Directors'
Remuneration
Report 10,819,053 25.02 32,426,555 74.98 381,330 43,245,608 47.22
----------- -------- ----------- -------- -------------- ------------- ----------
To view the full wording of, and the votes required for, each of
the resolutions, please refer to the Notice of 2023 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 were cast
against the Board's recommendation for five resolutions. The Board
takes these votes very seriously and will continue to 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 views received from shareholders and the actions
taken will be published by Plus500 during the next six months. The
Board remains fully committed to achieving high 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 28 March 2023, 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 91,585,997 (excluding
treasury shares), and the Company held 23,302,380 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 +972 4 8189503
Financial Officer ir@Plus500.com
Dentons Global Advisors
James Melville-Ross +44 (0)20 7664 5095
James Styles plus500@dentonsglobaladvisors.com
Leah Dudley
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 and
the UAE 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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END
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