National Storage Mechanism | Additional information
RNS Number : 4670X
Plus500 Limited
04 May 2021
 

 

4 May 2021

Plus500 Ltd.

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

 

Result of AGM

Plus500, a leading technology platform for trading Contracts for Difference ("CFDs") internationally, 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 and 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

57,287,375

99.89

61,660

0.11

-

57,349,035

56.29

2.  Re‐elect Elad Even-Chen

56,425,487

98.39

923,548

1.61

-

57,349,035

56.29

3.  Re‐elect Steve Baldwin

52,818,265

92.10

4,529,503

7.90

1,267

57,347,768

56.29

4.  Re‐elect Sigalia Heifetz

48,898,978

85.27

8,448,790

14.73

1,267

57,347,768

56.29

5.  Elect Jacob Frenkel

57,252,424

99.83

95,344

0.17

1,267

57,347,768

56.29

6. Re‐appoint the auditors

57,080,547

99.53

268,488

0.47

-

57,349,035

56.29

7. Authorise Board to fix remuneration of auditors

56,840,849

99.11

508,186

0.89

-

57,349,035

56.29

8. Authorise issue of equity

57,342,603

99.99

6,432

0.01

-

57,349,035

56.29

9. Authorise issue of equity for acquisitions

57,287,501

99.89

61,534

0.11

-

57,349,035

56.29

10. Purchase own shares

50,817,756

88.98

6,291,833

11.02

239,446

57,109,589

56.05

11. Renew Remuneration Policy

53,681,868

94.46

3,150,107

5.54

337,200

56,831,975

55.78

12. Approve fees to Jacob Frenkel

57,154,752

99.97

14,603

0.03

-

57,169,175

56.11

13. Approve remuneration terms for David Zruia

 

48,829,840

85.42

8,336,335

14.58

3,000

57,166,175

56.11

14. Approve remuneration terms for Elad Even-Chen

55,226,737

96.61

1,939,438

3.39

3,000

57,166,175

56.11

15. Approve a tax bonus payment to Elad Even-Chen

31,678,733

55.24

25,670,302

44.76

-

57,349,035

 

56.29

16. Advisory vote - Approve the Directors' Remuneration Report

33,930,938

59.17

23,413,830

40.83

4,267

57,344,678

56.28

 

To view the full wording of, and the votes required for, each of the resolutions, please refer to the Notice of 2021 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 there have been a number of votes (more than 20%) cast against Resolutions 15 and 16, as above.  The Board engaged with shareholder advisory bodies and shareholders throughout the process and took into account their feedback and amended the terms of remuneration arrangements accordingly. The Board, with the support of the Remuneration Committee, takes these votes seriously, and will continue to consider shareholder feedback to ensure it is better understood and implemented as appropriate. The Board also reiterates its commitment to achieving the highest governance standards.

 

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 1 April 2021, 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 101,883,791 (excluding treasury shares), and the Company held 13,004,586 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

 

MHP Communications

Reg Hoare, Rachel Mann, Pete Lambie

 

+44 20 3128 8570

Plus500@mhpc.com

 

 

  

 

 

 

 

About Plus500

 

Plus500 operates a proprietary technology platform for individual customers to trade CFDs internationally. The Group offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of Plus500 can trade CFDs in more than 50 countries and in 32 languages. The trading platform is accessible from multiple operating systems (Windows, iOS, Android and Surface) and web browsers. Plus500 retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore and the Seychelles.

Customer care is and has always been integral to Plus500, as such, customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for 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 does not utilise cold calling techniques and does not offer binary options.  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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