Draft resolutions of the Annual General Meeting of APB APRANGA shareholders to be held on April 29, 2021 - Seite 3

Independent members of the Board are paid a monthly fixed remuneration for the performance of the duties of a member of the Board, regardless of the number of meetings of the Board per year and is equal to EUR 1,000 (before taxes). Remuneration shall be paid monthly until the relevant independent member of the Management Board holds the position of a member of the Board. The remuneration of an independent member of the Board may be changed or revoked by a decision of the General Meeting of Shareholders of the Company. No other remuneration or a part thereof for work in the Board of the Company for independent members of the Board is determined.
The Members of the Management Board of the Company, who are also employees of the Company, receive remuneration only for the direct duties they perform under the employment contract, i.e. their remuneration for direct functions in the Company and being a Member of the Board (performance of the duties of member of the Board) are not related in any way and are not dependent on each other.
The Members of the Management Board of the Company, who are not employees of the Company but are representatives of the shareholder or related companies are not additionally encouraged, they are not paid for their work in the Management Board of the Company, therefore, such members of the Board perform their duties of a member of the Management Board of the Company free of charge.”

ENCLOSED:
Annex No. 1. Consolidated and Company's annual report, annual financial statements of the year 2020 and the Auditor's conclusion on the financial statements;
Annex No. 2. Confirmation of persons responsible for the financial statements;
Annex No. 3. Draft of profit (loss) allocation for the year 2020;
Annex No. 4. General ballot paper;
Annex No. 5. Draft Articles of Association of the Company;
Annex No. 6. Information on candidates for independent board members.

Rimantas Perveneckas

„Apranga“ Group General Manager

[phone] 

Attachments

• Annex1_APG IFRS 2020 EN_draft
• Annex2_Confirmation 2020 EN
• Annex3_Profit allocation 2020 EN_draft
• Annex4_General ballot paper
• Annex5_Draft Articles of Association of the Company
• Annex6_Information about independent members of the Board