29th Oct 2021 14:29
Plus500 Ltd - Haifa, Israel-based online trading platform - Provides update following May annual general meeting that saw two motions pass despite opposition from more than 20% of votes cast. Motions in are relation to advisory vote on the directors' remuneration report and a tax-related bonus payment. "The board of directors of the company engaged with various shareholder advisory bodies and a number of shareholders, taking into account their feedback and amending the terms of various resolutions accordingly," Plus500 says. Following consultation, remuneration committee has excluded one-off bonuses in future executive pay plans in updated remuneration policy. This updated policy was overwhelmingly backed at AGM, Plus500 says.
"A resolution for this updated remuneration policy was approved by over 94% of shareholders' votes cast at the AGM," Plus500 says. "The board always takes the outcome of shareholder votes seriously and, going forward, will continue to consider related shareholder feedback, with a view to implementing this feedback, as appropriate."
Current stock price: 1,321.50 pence
Year-to-date change: down 8.9%
By Eric Cunha; [email protected]
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