Business
Plus500 : Update in relation to Annual General Meeting 2025
Plus500 : Update in relation to Annual General Meeting
About this update from Plus500 Ltd.
6 November 2025 Plus500 Ltd. ("Plus500", the "Company" or together with its subsidiaries the "Group") Update in relation to 2025 Annual 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 Annual General Meeting ("AGM") held on 6 May 2025, in accordance with Provision 4 of the UK Corporate Governance Code (the "Code"). 2025 AGM At the 2025 AGM, one resolution proposed passed with more than 20% of votes cast against it, which related to the re-election of Mr. Steve Baldwin as Non-Executive Director, where 77.34% of votes cast were in favour. In addition, a non-binding advisory vote on the Directors' Remuneration Report was not approved by the requisite majority, where less than 50% of votes cast were in favour (48.64%). The other nine resolutions were well supported by shareholders, with at least 80% of votes cast in favour. Following the AGM, consistent with the Company's commitment to maintaining ongoing, transparent dialogue with all stakeholders, the Board put in place a detailed plan to engage with key shareholders and the shareholder advisory bodies to which the majority of the Company's shareholders are subscribed, namely ISS and Glass Lewis, aiming to better understand the reasons behind certain shareholders' opposition to some of the resolutions. Engagement with shareholder advisory bodies During Q3 2025, the Company held constructive meetings with Glass Lewis and with ISS. The objective of the meetings was to continue the constructive engagement and relationship that Plus500 has established in recent years. Plus500 also provided further insight into how the Group's corporate governance processes have evolved and improved over recent years under the leadership of the Board of Directors and the stewardship of its Chair, Prof. Jacob A. Frenkel. Ahead of Plus500's 2025 AGM, Glass Lewis recommended that shareholders vote against the re-election of Mr. Steve Baldwin as a Non-Executive Director. It is the Company's understanding that, while Glass Lewis had no specific issues or concerns with Mr. Baldwin, this recommendation to shareholders was related directly to his role as Chair of the Nomination Committee, and to the level of shareholder dissent in relation to the re-election of the Chair of the Board at the Company's 2024 AGM. The Company reiterated to Glass Lewis that no specific concerns were raised with regards to Prof. Frenkel and that the number of votes cast against his re-election as Chair at the 2024 AGM was a direct result of ISS's recommendation at the time. The Board would like to reiterate to all stakeholders that Mr. Baldwin continues to bring significant experience and knowledge to his role as the Chair of the Nomination Committee. As such, the Board believes that his continuing tenure as Non-Executive Director is for the benefit of all stakeholders. Also, ahead of Plus500's 2025 AGM, ISS recommended that shareholders vote against the non-binding Directors' Remuneration Report. As part of the discussion with ISS, they acknowledged the improved remuneration-related disclosures made by Plus500 as part of its most recent Directors' Remuneration Report. The Company reiterated to ISS that its most recent Remuneration Policy for Directors and Executives had been significantly restructured to better align it with UK best practice, while taking into account the unique characteristics of the Company as an Israeli-incorporated, global fintech company, and that the policy was constructed using the guidance and assistance of leading remuneration advisory firms. This Remuneration Policy was approved at the Company's 2023 AGM held in May 2023, and was subsequently outlined again in the Company's 2025 Directors' Remuneration Report. With regards to the level of disclosure in the Directors' Renumeration Report, the Company explained that some of the KPIs on which its Remuneration Policy is based are either commercially sensitive or benchmarked against competitors. The Company has optimised the structure of its Directors' Remuneration Report in recent years and will continue to carefully consider potential enhancements to this Remuneration Report, as applicable. However, disclosing sensitive KPIs, even retroactively, could represent a potential misalignment with the Company's best interests and that of all shareholders. As the Board takes matters of corporate governance extremely seriously, it will continue to actively engage with shareholder advisory bodies and shareholders in order to better understand the views of all stakeholders going forward. Engagement with shareholders During the course of 2025, Plus500 has continued to proactively engage with its shareholders on matters relating to both corporate strategy and governance. In particular, during Q4 2025, David Zruia (CEO), Elad Even-Chen (CFO) and Owen Jones (Head of Investor Relations) held a series of in-person meetings in London, New York and Chicago with key shareholders and prospective investors, who together represented approximately 25% of the Company's shareholder register. Overall, the Company believes that the feedback received from shareholders was positive and focused on the success of strategic decisions taken in recent years to focus on attractive and diversified growth opportunities such as futures in the US and on higher value customer acquisition and retention within the OTC business. Further such meetings are planned for 2026, as well, as part of the Group's regular engagement with its shareholders. Engagement with shareholders continues to be a matter of high priority for the Board and Executive Management and it consistently takes all feedback received from shareholders extremely seriously. The Board will continue to take shareholder views and feedback into consideration as part of its proactive approach to achieving high governance standards and delivering long-term value for all stakeholders. In accordance with provision 4 of the Code, a final update on this matter will be included in the Company's 2025 Annual Report. Plus500 Ltd. Elad Even-Chen, Chief Financial Officer Owen Jones, Head of Investor Relations +972 4 8189503 +44 (0) 7551 654208 [email protected] DGA Group James Melville-Ross James Styles Methuselah Tanyanyiwa +44 (0)20 7038 7411 [email protected] For further details: om 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, the Bahamas and Canada, 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: https://www.plus500.com .