PLUS Plus500 Ltd

12 July 2024                                                                                                                                           

Plus500 Ltd.

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

Update in relation to 2024 Extraordinary General Meeting  

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today issues an update on the actions taken following the voting outcomes at its Extraordinary General Meeting ("EGM") held on 8 January 2024, in accordance with Provision 4 of the UK Corporate Governance Code (the "Code").

At the 2024 EGM, three resolutions proposed were passed with more than 20% of votes cast against. The resolutions related to the election of Ms. Anne Grim as Non-Executive Director (77.60% of votes cast were for), the election of Ms. Tami Gottlieb as Non-Executive Director and External Director (78.47%) and the election of Mr. Daniel King as Non-Executive Director and External Director (75.24%).

Since the EGM, consistent with the Company's commitment to maintaining ongoing, transparent dialogue with its shareholders, the Board has set out to engage with several key shareholders and shareholder advisory bodies, and accordingly, the Board has already put in place an engagement plan and has been approaching some of these parties.

The Company also notes that the advisory bodies previously recommended shareholders vote "For" in relation to these resolutions, and it believes such recommendations remain in the best interests of all shareholders. The Company will continue to gather feedback from the relevant shareholders in order to better understand their views in relation to the resolutions.

The Board as a whole is of the opinion that the contributions of each of the Board members elected at the EGM is of significant value to the Company, and therefore reaffirms its belief that Ms. Grim, Ms. Gottlieb and Mr. King remain highly suitable for their positions as Non-Executive Directors.

The Board will continue to take shareholders' views into consideration as part of its approach to achieving high governance standards and delivering long-term shareholder value.

In accordance with provision 4 of the Code, a final update on this matter will be included in the Company's 2024 Annual Report.

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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 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.