7
May 2024
Plus500
Ltd.
("Plus500", the "Company" or
together with its subsidiaries the "Group")
Annual General
Meeting
Plus500, a global multi‐asset
fintech group operating proprietary technology‐based trading
platforms, issues the following statement ahead of today's Annual
General Meeting, which will take place in London at 09.00am
BST.
The Group delivered strategic and
operational progress during FY 2023. This progress continued during
the first quarter of 2024, as detailed in the Group's Q1 2024
Trading Update issued on 16 April 2024, in which key metrics were
ahead of those for Q4 2023. This outstanding performance
was enabled by the strength of the Group's
multi-channel marketing approach, its industry-leading proprietary
technology, intuitive trading platforms and robust financial
position.
The Group's strategic roadmap is
centred around expanding into new markets, developing new products
and deepening relationships with customers. Based on Plus500's
recent progress, and the strategy that it has in place, the Board
remains confident in the outlook for the Group in 2024 and
beyond.
For further details
Plus500 Ltd.
|
|
Elad Even-Chen, Chief
Financial Officer
Owen Jones, Head of Investor
Relations
|
+972 4 8189503
+44 (0) 7551 654208
ir@Plus500.com
|
Dentons Global Advisors
|
|
James
Melville-Ross
James Styles
Methuselah
Tanyanyiwa
|
+44 (0)20 7664 5095
Plus500@dentonsglobaladvisors.com
|
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 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 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.
Forward looking statements
This announcement contains
statements that are or may be forward-looking statements. All
statements other than statements of historical facts included in
this announcement may be forward-looking statements, including
statements that relate to the Group's future prospects,
developments and strategies. The Company does not accept any
responsibility for the accuracy or completeness of any information
reported by the press or other media, nor the fairness or
appropriateness of any forecasts, views or opinions express by the
press or other media regarding the Group. The Company makes no
representation as to the appropriateness, accuracy, completeness or
reliability of any such information or publication.
Forward-looking statements are
identified by their use of terms and phrases such as "believe",
"targets", "expects", "aim", "anticipate", "project", "would",
"could", "envisage", "estimate", "intend", "may", "plan", "will" or
the negative of those, variations or comparable expressions,
including references to assumptions. The forward-looking statements
in this announcement are based on current expectations and are
subject to known and unknown risks and uncertainties that could
cause actual results, performance and achievements to differ
materially from any results, performance or achievements expressed
or implied by such forward-looking statements. Factors that may
cause actual results to differ materially from those expressed or
implied by such forward looking statements include, but are not
limited to, those described in the Risk Management Framework
section of the Company's most recent Annual Report. These
forward-looking statements are based on numerous assumptions
regarding the present and future business strategies of the Group
and the environment in which it is and will operate in the future.
All subsequent oral or written forward-looking statements
attributed to the Company or any persons acting on its behalf are
expressly qualified in their entirety by the cautionary statement
above. Each forward-looking statement speaks only as at the date of
this announcement. Except as required by law, regulatory
requirement, the Listing Rules and the Disclosure Guidance and
Transparency Rules, neither the Company nor any other party intends
to update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise.