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Allegro.eu S.A. — Remuneration Information 2021
Sep 22, 2021
5494_rns_2021-09-22_28770ddf-b94e-4013-8251-cc5c5813eae1.html
Remuneration Information
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22 September 2021
Current report No. 11/2021
Title: Decision on the method of fulfilling obligations to provideshares granted to employees of the Group at the time of the IPO ofAllegro.eu
Legal basis: Article 17 of MAR - inside information
In the current report No. 8/2021 dated 29 June 2021, the Board ofDirectors (the "Board") of Allegro.eu (the _quot;Company_quot;) informed about theresolutions it had adopted to grant power to certain Directors, toinitiate: (i) implementation of a share buyback programme (the "ShareBuyback") in order to meet the Company's obligations arising under itsemployee incentive plan and to facilitate the allocation of shares tothe employees of the Company and the employees of its subsidiaries as ofthe date of the IPO (the "Employees") in accordance with its employeeincentive plan (the _quot;Free Share Awards_quot;) and/or (ii) carry out anissuance of new shares within the framework of the authorised sharecapital of Allegro.eu, for the purpose of satisfying the Free SharesAwards (the _quot;Capital Increase_quot;).
The Board hereby informs that on 22 September 2021 it decided to fulfillthe Company's obligations to satisfy the Free Share Awards by thetransfer of shares held by the Employee Benefit Trust (the "EBT"),rather than, as previously notified, by giving effect to either theShare Buyback or the Capital Increase.
The EBT was established to operate alongside the Company's incentiveplan (please refer to the Company's IPO Prospectus, section "Management- Investment Opportunities and Incentive Plans" for further detail). Thetotal number of shares expected to be transferred onto the accounts ofthe Employees on 7 October 2021 is 589,956.