Plus500 Ltd. — AGM Information 2021

May 4, 2021

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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