Board of Directors

According to the Articles of Association, shareholders decide on the fees payable to the members of the Board of Directors during the General Meeting. The General Meeting of Remedy Entertainment Plc on April 8, 2019 decided on the remuneration of the Members of the Board of Directors as follows:

Remuneration of the Members of the Board of Directors is EUR 2,000 per month and the remuneration of the Chairman of the Board of Directors is EUR 3,000 per month.

CEO and the Executive Team

The Board of Directors is responsible for nominating the Chief Executive Officer and deciding the remuneration and other terms of the CEO agreement. The Chief Executive Officer is nominated until further notice.

Option Plan 2021

The Board of Directors of Remedy Entertainment Plc has, by virtue of the authorization granted by the Annual General Meeting held on April 14, 2021, decided to adopt an option plan “Option Plan 20ENG Remedy Entertainment Plc – Option Plan 2021 Terms and Conditions (21 09 2021)21” directed to the key persons as decided separately by the Board of Directors. The option plan is a part of the company’s incentive and commitment scheme for key persons.

The maximum total number of option rights issued is 350,000, entitling their holders to subscribe for a maximum of 350,000 new shares of the company or existing shares held by the company. The option rights will be granted without payment. The Board of Directors may allocate option rights until the beginning of the share subscription period. The share subscription period will begin on June 1, 2024, and end on May 31, 2027.

The subscription price for a share subscribed for with one option right shall be the trade volume weighted average price of the company’s share on the Nasdaq Helsinki Ltd maintained Nasdaq First North Growth Market Finland marketplace during June 1 – August 31, 2021, with an addition of 10 percent. The share subscription price shall be reduced in special situations defined in the terms and conditions of the option plan.