Plus500 Ltd. — AGM Information 2023

May 2, 2023

National Storage Mechanism | Additional information

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 cast	Against	% Votes cast	Vote Withheld	Total Votes Cast (excl. Votes Withheld)	% of issued share capital*
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 Financial Officer	+972 4 8189503 ir@Plus500.com
Dentons Global Advisors
James Melville-Ross James Styles Leah Dudley	+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 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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