ANNOUNCEMENT ON THE FORMATION INTO BODY OF THE REMUNERATION AND NOMINATION COMMITTEE
The société anonyme under the corporate name "JUMBO S.A." (the Company) announces that following the resolutions of the Board of Directors and the Remuneration and Nomination Committee of the Company dated 15.07.2021, the members of the Remuneration and Nomination Committee were elected, and the committee was formed into a body respectively, in accordance with the provisions of articles 10, 11 and 12 of law 4706/2020.
According to the provisions of article 10 of law 4706/2020, the Remuneration and Nomination Committee must consist of at least three non-executive members of the Board of Directors of which at least two (2) members must be independent non-executive. The Chairman of the Remuneration and Nomination Committee must be an independent non-executive member.
The Remuneration and Nomination Committee of the Company was formed into a body as follows:
1. Marios Lasanianos son of Konstantinos, Independent Non-Executive Member of the Board of Directors, Chairman of the Remuneration and Nomination Committee
2. Fotios Tzigos son of Athanasios, Independent Non-Executive Member of the Board of Directors, Member of the Remuneration and Nomination Committee
3. Nikolaos Velissariou son of Ioannis, Non-Executive Member of the Board of Directors, Member of the Remuneration and Nomination Committee
The term of office of the Remuneration and Nomination Committee starts from the date of appointment of its members and ends on 15.06.2023 in order to follow the term of office of the Board of Directors, with an extension until the first Ordinary General Meeting of the Company’s Shareholders, after the expiration of its term of office, such extension not exceeding three years.
The Remuneration and Nomination Committee operates under an operating regulation which is published on the Company's website in accordance with article 10 par. 4 of law 4706/2020.
According to the provisions of article 10 of law 4706/2020, the Remuneration and Nomination Committee must consist of at least three non-executive members of the Board of Directors of which at least two (2) members must be independent non-executive. The Chairman of the Remuneration and Nomination Committee must be an independent non-executive member.
The Remuneration and Nomination Committee of the Company was formed into a body as follows:
1. Marios Lasanianos son of Konstantinos, Independent Non-Executive Member of the Board of Directors, Chairman of the Remuneration and Nomination Committee
2. Fotios Tzigos son of Athanasios, Independent Non-Executive Member of the Board of Directors, Member of the Remuneration and Nomination Committee
3. Nikolaos Velissariou son of Ioannis, Non-Executive Member of the Board of Directors, Member of the Remuneration and Nomination Committee
The term of office of the Remuneration and Nomination Committee starts from the date of appointment of its members and ends on 15.06.2023 in order to follow the term of office of the Board of Directors, with an extension until the first Ordinary General Meeting of the Company’s Shareholders, after the expiration of its term of office, such extension not exceeding three years.
The Remuneration and Nomination Committee operates under an operating regulation which is published on the Company's website in accordance with article 10 par. 4 of law 4706/2020.