Last checked at 15 Sep 2023 07:00
15 September 2023
Plus500 Ltd.
("Plus500", the "Company", or together with its subsidiaries, the "Group")
Directorate Change
Plus500, a global multi‐asset fintech group operating proprietary technology‐based trading platforms, confirms that, having completed her three-year term as an External Director under the provisions of Israel's Companies Law, 5759-1999 ("Companies Law"), following her appointment to the Board by shareholders at the Company's 2020 AGM held on 16 September 2020, Ms. Anne Grim, our Senior Independent Non-Executive Director and External Director is required to step down from the Board of Directors effective as of today.
The Company intends to convene an EGM later in 2023 for the reappointment of Ms. Grim as an independent Non-Executive Director and External Director, in accordance with the provisions of the Companies Law.
The Company also announces today, in accordance with Listing Rule 9.6.11(3), that Prof. Varda Liberman, our Independent Non-Executive Director and Chair of the Regulatory & Risk Committee, will replace Ms. Anne Grim as the Senior Independent Director, with immediate effect.
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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 50 countries and in 30 languages.
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.