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06 May 2025 23:12:24
- Source: Sharecast
6 May 2025 
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 11, 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 |
43,148,608 |
95.45 |
2,058,879 |
4.55 |
1,105 |
45,207,487 |
62.09 |
|
2. Re‐elect Elad Even‐Chen |
42,916,341 |
94.93 |
2,291,148 |
5.07 |
1,103 |
45,207,489 |
62.09 |
|
3. Re‐elect Steve Baldwin |
34,963,593 |
77.34 |
10,243,896 |
22.66 |
1,103 |
45,207,489 |
62.09 |
|
4. Re‐elect Varda Liberman |
39,078,605 |
86.44 |
6,128,884 |
13.56 |
1,103 |
45,207,489 |
62.09 |
|
5. Re‐elect Jacob A. Frenkel |
39,765,733 |
89.97 |
4,434,195 |
10.03 |
1,008,664 |
44,199,928 |
60.71 |
|
6. Re‐appoint the auditors and authorise Board to fix remuneration of auditors |
43,535,079 |
96.30 |
1,672,964 |
3.70 |
549 |
45,208,043 |
62.09 |
|
7. Amend Articles of Association |
42,664,012 |
94.45 |
2,507,747 |
5.55 |
36,833 |
45,171,759 |
62.04 |
|
8. Authorise issue of equity |
43,480,732 |
96.18 |
1,727,389 |
3.82 |
471 |
45,208,121 |
62.09 |
|
9. Authorise issue of equity for acquisitions |
43,492,949 |
96.21 |
1,714,446 |
3.79 |
1,197 |
45,207,395 |
62.09 |
|
10. Authorise purchase of own shares |
42,141,090 |
93.52 |
2,919,218 |
6.48 |
148,284 |
45,060,308 |
61.89 |
|
11. Advisory vote ‐ Approve the Directors' Remuneration Report |
21,986,725 |
48.64 |
23,220,100 |
51.36 |
1,767 |
45,206,825 |
62.09 |
To view the full wording of, and the votes required for, each of the resolutions, please refer to the Notice of 2025 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 3 and 11, the latter of which is an advisory vote. The Board has noted the outcome of these votes, and it takes such matters seriously. The Board will continue to engage with shareholders and shareholder advisory bodies to ensure their feedback continues to inform the Company's approach to governance and remuneration, while 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.
UK Listing Rule 6.4.2R and total voting rights
In accordance with UK Listing Rule 6.4.2R, 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 31 March 2025, 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 72,806,286 (excluding treasury shares), and the Company held 42,082,109 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
|
|
DGA Group |
|
|
James Melville-Ross James Styles Methuselah Tanyanyiwa |
+44 (0)20 7038 7411 Plus500@dgagroup.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 was admitted to trading on the London Stock Exchange (LON: PLUS) on 24 July 2013. It was admitted to the Equity Shares in Commercial Companies ("ESCC") Category of the Official List and is a constituent of the FTSE 250 Index and the STOXX Europe 600 Index. Website: www.plus500.com.
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