Decision Making Procedure

Remuneration

Decision-making Procedure Concerning the Remuneration

After Kildare Nordic Acquisitions S.à r.l. got the holding of more than 9/10 of Technopolis’ shares an Extraordinary General Meeting resolved to disband the Shareholders’ Nomination Board and elected a new Board of Directors to the company. It also resolved that no remuneration be paid to new the members of the Board of Directors. At its meeting on 7 November 2018, the new Board of Directors decided to abolish the Remuneration and HR Committee.

Decisions on the remuneration of the CEO and other members of the Group Management Team are made by the Board of Directors of Technopolis’ Plc. Until November 7, 2018 the Board’s Remuneration and HR Committee prepared the proposals pertaining to the remuneration of the CEO and other members of the Group Management Team. The Board of Directors monitors the implementation of the remuneration schemes of the CEO and the other Group Management Team members.

Remuneration of the CEO and Other Executives

The company’s Board of Directors ratifies the principles applied to the remuneration of the personnel and incentive schemes and decides on the company’s short-term and long-term remuneration schemes. Until November 7, 2018 the Board was supported by the Remuneration and HR Committee whose key tasks included preparing and developing the principles pertaining to the remuneration of the personnel and the company’s remuneration schemes, as well as monitoring the transparency, expediency and competitiveness of the remuneration schemes.

The remuneration paid to the CEO and other members of the Group Management Team consists of a fixed monthly salary, fringe benefits, possibly an annual bonus paid based on the company’s results and personal performance as well as the long-term share-based incentive schemes for the key employees in the company.

Authorizations Granted to the Board of Directors Concerning Remuneration

The AGM held on 20 March 2018 authorized the Board to decide on the issuance of shares as well as the issuance of special rights entitling to shares. More information on the authorizations is available in the stock exchange release regarding the decisions of the Annual General Meeting 2018.

Last updated 28.2.2019