Plus500 Regulatory News (PLUS)

22 December 2023

Plus500 Ltd.

("Plus500", the "Company" or together with its subsidiaries the "Group") 

Notice of Extraordinary General Meeting

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, announces that following its announcement of 4 December 2023 regarding its Extraordinary General Meeting to be held at 10.00 am (UK time) on Monday, 8 January 2024 ("EGM") for the purposes of approving three resolutions relating to the election of Independent Non-Executive Directors and External Directors, the Company hereby advises that an updated Notice of EGM is available for review at https://investors.plus500.com/Governance/Announcements.

The updated EGM Notice reflects an update to the terms of the proposed election of Ms. Anne Grim as a director in the Company, such that she will now be put forward for election as an Independent Non-Executive Director for a one-year term, instead of as an External Director and Independent Non-Executive Director, under Israel's Companies Law, for a three-year term. In the Board's view, this proposal better aligns the Company with the UK Corporate Governance Code. The requisite majority for approving Ms. Grim's election remains unchanged.

The EGM will be held at the offices of Liberum Capital Limited, Ropemaker Place, 25 Ropemaker Street, London EC2Y 9LY. There is no change to the date and time of the EGM, the record date of shareholders entitled to vote at the EGM or the deadline for submission of a Form of Proxy and Form of Direction, as applicable, as set forth in the notes to the Notice of EGM. The Company is committed to ensuring that all shareholders are given an opportunity to participate in the EGM and the Board has therefore decided, as previously announced, to hold the EGM as a hybrid meeting, by implementing certain additional arrangements to allow shareholders to participate and vote virtually at the EGM and submit questions through a virtual platform. Further details of these arrangements are set out in the EGM Notice.

An updated Form of Proxy and an updated Form of Direction are also available at https://investors.plus500.com/Governance/Announcements.  

Shareholders and Depositary Interests holders ("DI Holders") may vote either by printing the updated Form of Proxy or updated Form of Direction, as applicable, or by submitting the original Form of Proxy or Form of Direction received. Shareholders and DI holders that submitted a Form of Proxy or Form of Direction, as applicable, prior to the date hereof may replace their prior vote or elect not to change their vote and not take any further action, in which case the original Form of Proxy or Form of Direction submitted shall be counted for purposes of their vote.

To be valid, any Form of Proxy or other instrument appointing a proxy and any power of attorney or other authority under which it is signed, or a notarially certified or office copy of such power or authority, must be received by post or (during normal business hours only) by hand at (i) Link Group, PXS1, Central Square, 29 Wellington Street, Leeds LS1 4DL or (ii) Plus500, Investor Relations, Matam, Building 25, Haifa 3190500, Israel (or by email to ir@plus500.com), by no later than 10.00 a.m. (UK time) on 4 January 2024.

In the case of DI holders, a Form of Direction must be completed in order to instruct the Depository whose registered office is at Link Group, PXS1, Central Square, 29 Wellington Street, Leeds LS1 4DL to vote on the holder's behalf at the meeting. To be effective, a completed and signed Form of Direction must be deposited at Link Market Services Limited no later than 10.00 a.m. (UK time) on 3 January 2024.

In compliance with Listing Rule 9.6.1R of the UK Financial Conduct Authority ("FCA"), the updated Notice of EGM has been submitted today to the FCA's National Storage Mechanism and will shortly be available for inspection in unedited full text at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

For further details

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 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.