Plus500 Ltd. announced that Penny Judd, Chair of the board of the company since April 2017, has notified the board of her intention not to nominate herself for re-election at the AGM, in order to focus on other business interests and directorships. In her time as Chairman, Penny has overseen a substantial enhancement of the expertise and breadth of the Board, as well as a major diversification of its composition, and has helped to lead continued improvement in the company's governance approach and practices. The company announces the proposed appointment of Professor Jacob A. Frenkel as Chairman of its Board of Directors ("the Board"). It is intended that he will succeed Penny Judd as Chairman following the conclusion of the 2021 Annual General Meeting ("AGM") on 4 May 2021, subject to shareholder approval.