Gloster Infocommunications Plc. - Remuneration Report 2024

Gloster Infokommunikációs Nyilvánosan Műműdő Részvénytársaság

(registered office: 2142 Nagytarcsa, Csonka János utca 1/A A/2. building; company registration number: 13-10-042012; tax number: 27294260-2-13, at hereinafter referred to as "the Company")

Remuneration report

a for the financial year 2024

This Remuneration Report is based on the report of the Company's Annual General Meeting of 7/2020 (VIII.31 adopted by resolution of the General Meeting of Shareholders on 31 August 2020 and approved on 28 December 2021 (resolution of the General Meeting of Shareholders on 3/2021 (28.12.20)), on 20 April 2022 (resolution of the General Meeting of Shareholders on 13/2022 (20.04.20)) and on 30 April 2024 (resolution of the General Meeting of Shareholders on 20/2024 (30.04.20)). 20/2024, as amended and in accordance with the Remuneration Policy pursuant to Act LXVII of 2019 on the promotion of long-term shareholder engagement and amendment of certain acts for the purpose of legal harmonisation (hereinafter “Remuneration Policy”).

The total remuneration of the directors (members of the Board of Directors, the Supervisory Board and the Audit Committee of the Company) as defined in the Remuneration Policy for the year 2024 is set out in the tables below: 

Member of the Board of Directors

Members of the Supervisory Board

Members of the Audit Committee

 The members of the Supervisory Board and the Audit Committee of the Company received only a fixed monthly fee as determined by the General Meeting.

The Company has not applied the variable remuneration clawback option pursuant to Article 19 (2) (e) of Act LXVII of 2019.

The Company has taken into account the vote of the General Meeting of Shareholders on the remuneration report for the year 2023, and the Company has not received any proposal for amendments to the remuneration report for the previous financial year. 

Employees Remuneration

The Company uses fixed and variable elements to incentivise its employees. The variable elements of the Company's remuneration system are bonuses granted to employees for meeting predefined conditions and individually assessed rewards.

Average salaries for non-managerial staff (with the change compared to the previous year) were as follows:

The Company is preparing its third remuneration report under Act LXVII of 2019 on the promotion of long-term shareholder engagement and the amendment of certain Acts for the purpose of legal harmonisation, and therefore this Remuneration Report contains data and comparisons for the year 2024 and for the previous years 2022 and 2023, in accordance with Article 29 (4) of the Act.

The Company's directors in share option, share-based compensation in 2024.

 The total remuneration of the directors for 2024 has been paid in accordance with the approved Remuneration Policy and, in the opinion of the Board, at a level that will ensure the long-term performance of the Company.No exceptional circumstances have arisen in 2024 that would justify any deviation from the procedure for implementing the Remuneration Policy.

The Company's Remuneration Report for the financial year 2024 was approved by the General Meeting of Shareholders of the Company by its resolution 12/2025 (28.04.2025) on 28 April 2025 by means of a vote on the basis of an opinion. 

[1],3 In the case of joint membership of the Supervisory Board and Audit Committee, the amounts indicated are per committee

[2] resigned from office as of 15.08.2024

[4] At least 10 hours per week employees, excluding Directors

[5] in thousands of HUF, according to IFRS; in 2024, the without discontinued operations

[6] Full-time equivalent as at 31.12.2024