The FX and CFD Broker Plus500 Ltd (Lon: Plus) retail trade has just announced the results of the annual General Assembly (AGM) earlier today.
All except one of the resolutions (ie Resolution 11, which was a consulting vote) were voted by the required majority.
Resolution 11 – “Counseling voting – Advocated the Directors’ Remuneration Report” was rejected by the majority of voters. More than 51% (51.36%) of votes, or 23,220,100 votes, were voted against the proposal.
The Plus500 commented on the voting results:
“The Board of Directors of the Plus500 notes that 20% or more of the votes were voted against the setting up of the Board of Directors for resolutions 3 and 11, the latest of which they are consulting.
Last year, the Plus500 remuneration report also faced a significant opposition to the annual General Assembly. Then, 66% of the votes were voted against the resolution.