Last checked at 24 Jul 2023 11:36
24 July 2023
Plus500 Ltd.
("Plus500", the "Company" or together with its subsidiaries the "Group")
EGM Results
Plus500, a global multi‐asset fintech group operating proprietary technology‐based trading platforms, announces the results of the resolution proposed at today's Extraordinary General Meeting ("EGM").
The resolution proposed was voted on by way of a poll and passed by the requisite majority. This will enable the continuation of the existing buyback programme announced on 14 February 2023, and should the Board determine, allow Plus500 to make future purchases of ordinary shares prior to the Company's 2024 AGM.
For further information, the full results of the poll are set out below:
Resolution | For | % Votes cast | Against | % Votes cast | Vote Withheld | Total Votes Cast (excl. Votes Withheld) | % of issued share capital* |
1. Purchase own shares | 38,005,775
| 80.66%
| 9,114,401
| 19.34%
| 142,536
| 47,120,176
| 57.26%
|
To view the full wording of, and the votes required for, the resolution, please refer to the Notice of Extraordinary 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.
Listing Rule 9.6.2 and total voting rights
In accordance with Listing Rule 9.6.2, copy of the resolution that was passed at the extraordinary general meeting, which does not constitute ordinary business will shortly be available for inspection via the National Storage Mechanism:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
*As at 3 July 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 EGM, was 82,295,911 (excluding treasury shares), and the Company held 32,592,466 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.