Invitation to our General Meeting 2024

Summary of the elements of Mr. François Jackow's Remuneration

SUMMARY OF THE ELEMENTS OF MR FRANÇOIS JACKOW’S REMUNERATION (IN HIS CAPACITY AS CHIEF EXECUTIVE OFFICER) PAID IN 2023 OR AWARDED IN RESPECT OF 2023 ON WHICH THE GENERAL MEETING IS INVITED TO VOTE

  Comments
Fixed remuneration

Amount: €1,100,000

In accordance with the remuneration policy established by the Board of Directors on February 15, 2023 and approved by the General Meeting on May 3, 2023, the fixed remuneration was determined taking into account the level of responsibilities, experience in general management duties and market practices.
Annual variable remuneration

Amount: €1,471,067

The target variable remuneration is equal to 120% of the fixed remuneration.

The variable remuneration is limited to 150% of the fixed remuneration.

The target variable remuneration is linked in 2023:

  • for 84% of the fixed remuneration (with a maximum of 105% of the fixed remuneration), to two quantifiable financial criteria.
  • for 36% of the fixed remuneration (with a maximum of 45%), to qualitative personal criteria.

Assessment for 2023:

The quantifiable criteria objectives were achieved at 94.7%.

The amount of the variable remuneration relating to the financial criteria is as follows:

  • Recurring EPS: 75.0% of the fixed remuneration, representing 125.0% of the target remuneration for this criterion;
  • Revenue: 19.7% of the fixed remuneration, representing 82.2% of the target remuneration for this criterion.

The amount of the variable remuneration relating to the qualitative criteria is as follows:

  • CSR: 12.6% of the fixed remuneration, representing 105.0% of the target remuneration for this criterion;
  • Organization/Human Resources: 12.6% of the fixed remuneration, representing 105.0% of the target remuneration for this criterion;
  • Individual performance: 13.8% of the fixed remuneration, representing 115.0% of the target remuneration for this criterion.

The amount of the variable remuneration relating to the personal objectives is thus 39.0% of the fixed remuneration, representing 108.3% of the target remuneration for the personal objectives.

Therefore, the total amount of the variable remuneration is above the target and amounts to €1,471,067.

The total amount of the variable remuneration due for the 2023 fiscal year will be paid in 2024, after approval of the financial statements by the General Meeting, it being noted that its payment is conditional upon the approval by a General Meeting of the elements of remuneration paid during or awarded in respect of the 2023 fiscal year to Mr François Jackow in his capacity as Chief Executive Officer.
There is no deferred annual variable remuneration mechanism, multi-annual variable remuneration mechanism or exceptional remuneration mechanism.