Retail FX and CFD broker Plus500 Ltd (LON:PLUS) has just announced the results of the Annual General Meeting (AGM) held earlier today.
Each of the resolutions proposed were voted on by way of a poll. All but one of the resolutions (namely resolution 9, which was an advisory vote) were passed by the requisite majorities.
The Board of Plus500 notes that 20% or more of votes cast were cast against the Board’s recommendation for resolutions 5 and 9, the latter of which is an advisory vote.
Nearly 66% of the votes were cast against the resolution to approve the directors’ remuneration report.
The company commented:
“On both resolutions, the Board consulted with shareholders. It takes the outcome of shareholder votes extremely seriously and will engage with shareholders and shareholder advisory bodies to ensure their feedback continues to inform the Company’s approach to governance and remuneration taking into account the specific needs and profile of the Company”.
Last year, Plus500 shareholders also slammed the resolution concerning directors’ remuneration.
