Inpro
13aug2015

Current Report 38/2015

Only the Polish version of this document is legally binding.

This translation is provided for information only.

Every effort has been made to ensure the accuracy of this publication.


The Management Board of INPRO S.A. (further the "Company"), with reference to current report No. 33/2015 of 20 July 2015 informs that on 13 August 2015 the Supervisory Board adopted a resolution supplementary to resolution No. 25/2015 of the Supervisory Board of 20 July 2015 introducing the following additional rules for the payment of the remuneration to Mr Piotr Stefaniak, the President of the Company's Management Board.
1) A ban on competitive interest during the term of the mandate and for 12 and for 12 months after its end was resolved. For the period in which the restriction continues to be in force after the end of the term of office, the Company undertook to pay the President of the Management Board the monthly compensation equal to 75% of the basic remuneration for the last full calendar month of the fulfilment of the function.
2) In the event of Piotr Stefaniak's dismissal by the Company from the function of the President of the Management Board or his resignation from the functions in the Company's Management Board, the Company is obliged to pay him a severance pay in the amount of PLN 1,200,000. The above-mentioned severance pay shall not be due if Piotr Stefaniak's dismissal from the function of the President of the Management Board takes place because of gross negligence, as a result of which the Company suffered real damage significantly affecting its financial liquidity or in the event of the President of the Management Board committing an offence ascertained by a legally valid court judgement and preventing him, in compliance with the absolutely binding provisions of law, from further fulfilling the functions of the Member of the Management Board.

The above information is given by the Management Board on the basis of Article 56 par. 1 item 1 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments into the organised trading system, and on public companies (the consolidated text in Dz.U. [Journal of Laws] of 2013, item 1382) – confidential information.
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