Plus500 Limited Directorate Change (3291D)
26 April 2017 - 4:01PM
UK Regulatory
TIDMPLUS
RNS Number : 3291D
Plus500 Limited
26 April 2017
26 April 2017
Plus500 Ltd.
("Plus500" or "the Company")
Board Changes
New Chairman and new Non-Executive Director appointed
Plus500, a leading online service provider for retail customers
to trade CFDs internationally, is pleased to announce that Penelope
Judd, currently a Non-Executive Director of the Company, will
become Chairman of its Board of Directors. This follows Alastair
Gordon's decision to step down from the Board, having served as
Chairman of Plus500 since the Company's IPO in 2013. This change
will take effect from the Company's AGM to be held on 1 June
2017.
Ms. Judd has over 30 year of financial services experience
specialising in Compliance, Governance, Regulation, Corporate
Finance and Audit. Ms. Judd has made a significant positive impact
to the Board since joining in 2016 and her expertise is
particularly relevant given the regulatory challenges faced by the
industry and the Company. Ms. Judd will continue to chair the
Regulatory and Risk Committee of the Company, which was established
last year and is an important element of the Company's corporate
governance.
The Company is also pleased to announce the appointment of Steve
Baldwin as a Non-Executive Director of the Company with effect from
1 June 2017. Mr. Baldwin will complement Penelope Judd, Charles
Fairbairn and Daniel King as non-executives of the Company and will
be a member of the Audit and the Remuneration Committees.
Mr. Baldwin is currently a non-executive director of Panmure
Gordon & Co. plc and Elegant Hotels Group plc. He has an
extensive corporate finance background and most recently held the
position of Head of European Equity Capital Markets and Corporate
Broking at Macquarie Capital until February 2015 when he resigned
to pursue a non-executive career. Prior to this Mr. Baldwin was a
Director at JPMorgan Cazenove for ten years and was a Vice
President of Corporate Finance at UBS from 1995 to 1998. He
qualified as a Chartered Accountant at Coopers & Lybrand.
Asaf Elimelech, Chief Executive Officer of Plus500, said:
"I would like to take this opportunity, both personally and on
behalf of the Board, to thank Alastair for his invaluable
contribution and support in leading the Board at the time of our
flotation and over the past four years, which included major events
and changes that influenced our Company and our market. His wise
counsel and experience will be missed by the board. We wish
Alastair all the best.
"Penny joined the Board in 2016 and has already made a
meaningful impact, given her strong compliance background and the
pace of regulatory change faced by the industry. We are delighted
that she has taken on the role as Chairman.
"We are also pleased to welcome Steve to the Board given his
recent experience as a non-executive director. His background in
corporate finance and broking, both as industry practitioner and
board director, will also be a great asset as we continue to
develop our strategic plans for the business."
Enquiries
Plus500
----------------------------------------------------
Elad Even-Chen, Chief Financial +972 4 8189503
Officer ir@Plus500.com
--------------------------------- -----------------
Liberum - Nomad and Broker
----------------------------------------------------
Clayton Bush, Neil Elliot,
Josh Hughes +44 20 3100 2222
--------------------------------- -----------------
Berenberg (Joint Broker)
----------------------------------------------------
Chris Bowman, Amritha Murali,
Marie Stolberg +44 20 3207 7800
--------------------------------- -----------------
MHP Communications
----------------------------------------------------
Reg Hoare, Tim Rowntree, Kelsey
Traynor +44 20 3128 8100
--------------------------------- -----------------
Disclosures:
Mr. Baldwin is or was a director of the following companies
during the last five years:
Current directorships: Elegant Hotels Group plc and Panmure
Gordon & Co Plc
Mr. Baldwin is not currently beneficially interested in the
issued share capital of the Company.
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) of the AIM Rules for
Companies.
Notes to Editors
Plus500 operates an online trading platform for retail customers
to trade CFDs internationally over more than 2,100 different
underlying global financial instruments comprising equities,
indices, commodities, options, ETFs and foreign exchange. Retail
customers of Plus500 can trade CFDs in more than 50 countries and
in 31 languages. The trading platform is also accessible from
multiple operating systems (Windows, smartphones (iOS, Android and
Windows Phone), tablets (iOS, Android and Surface), Apple Watch and
web browsers.
Plus500 retains operating licences and is regulated in the
United Kingdom, Australia, Cyprus, Israel, New Zealand and South
Africa. Customer care is integral to Plus500: customers cannot lose
more than they deposit and there are no commissions on trades.
Plus500 offers its customers sophisticated risk management tools to
manage their trading positions and a free demo account is available
on an unlimited basis for platform users.
www.plus500.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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