Tag Archives: DIGI 2019 Remuneration Report

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Digi Communications NV Non-Executive Director exercised his stock options

The exercise is pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in accordance with the stock option plan approved at the level of the Company in 2017, as amended by the general meeting of shareholders dated 2 May 2018

BUCHAREST, Romania, 3-Jun-2020 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform the market and its investors that on 3 June 2020 Mr. Marius Catalin Vărzaru, Non-Executive Director and Vice-President of the Board of Directors of the Company, has exercised his stock options, which have vested in accordance with the provisions of the Company’s stock option plan and which were granted pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in relation to which the above mentioned person and the Company have concluded a stock option agreement on 18 May 2018. In accordance with this stock option plan, Mr. Marius Catalin Vărzaru was granted 50,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 3 June 2020, Mr. Marius Cătălin Vărzaru, as person discharging managerial responsibilities in connection with the Company, has notified the Company and the Romanian Financial Supervisory Authority in connection with the exercise of the stock options.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

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Digi Communications N.V. grants stock options to certain employees and managers of its Romanian Subsidiary

BUCHAREST, Romania, 19-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that the Board of Directors of the Company has approved the grant of stock options for the benefit of certain employees and managers of RCS&RDS S.A., its Romanian subsidiary and of DIGISOFT IT SRL, a subsidiary of RCS&RDS S.A. The options granted are for a number of 185,500 Class B shares. The vesting of such options is conditional upon fulfillment of several performance criteria, with the vesting period being a minimum of 1 year.

SOURCE: EuropaWire

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Digi Communications NV Executive Directors exercised their stock options

The exercise is pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in accordance with the stock option plan approved at the level of the Company in 2017, as amended by the general meeting of shareholders dated 2 May 2018

BUCHAREST, Romania, 15-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform the market and its investors that on 15 May 2020, Mr. Serghei Bulgac, Chief Executive Officer and Executive Director of the Company and Mr. Valentin Popoviciu, Executive Director of the Company, have exercised their stock options, which have vested in accordance with the provisions of the Company’s stock option plan and which were granted pursuant to the decision of the Company’s general meeting of shareholders dated 2 May 2018 and in relation to which the abovementioned persons and the Company have concluded stock option agreements on 16 May 2018, respectively on 18 May 2018. In accordance with this stock option plan, Mr. Serghei Bulgac was granted 170,000 shares, while Mr. Valentin Popoviciu was granted 90,000 shares.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on 15 May 2020, Mr. Serghei Bulgac and Mr. Valentin Popoviciu, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the exercise of the stock options.

SOURCE: EuropaWire

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Digi Communications NV 1Q2020 Financial Results now available

BUCHAREST, Romania, 15-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that Q1 2020 financial results are available on the Company’s website.

For details, please see:
http://www.digi-communications.ro/en/investor-relations

SOURCE: EuropaWire

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Digi Communications NV Executive Directors Serghei Bulgac and Valentin Popoviciu granted conditional stock options

BUCHAREST, Romania, 14-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform the market and its investors that, on 14 May 2020, Mr. Serghei Bulgac (Chief Executive Officer and Executive Director of the Company) and Mr. Valentin Popoviciu (Executive Director of the Company) have been granted by the Company conditional stock options pursuant to the decision of the Company’s general meeting of shareholders dated 30 April 2020. The number of options of class B shares granted as part of this stock option plan (applicable for the year 2020) amounts to a total of 130,000 stock options. The further vesting of all option shares granted will be conditional upon several performance criteria and the passage of a minimum duration of 1 year.

More details regarding the stock options granted to each of the above-mentioned Directors are available on the Company’s website at https://www.digi-communications.ro/en/see-file/Agenda-and-explanatory-notes.pdf (the Agenda and Explanatory notes published by the Company on 19 March 2020, Annex I).

In accordance with the applicable regulations, on 14 May 2020, Mr. Serghei Bulgac and Mr. Valentin Popoviciu, as persons discharging managerial responsibilities in connection with the Company, have notified the Company and the Romanian Financial Supervisory Authority in connection with the grant of the above-mentioned stock options and the execution between each of them and the Company of corresponding stock option agreements.

SOURCE: EuropaWire

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Digi Communications N.V. will host conference call on May 15th 2020 to discuss Q1 2020 financial results

BUCHAREST, Romania, 8-May-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on May 15th 2020 (at 16:00 UK time / 18:00 EEST) it will host a conference call to discuss the Q1 2020 financial results.

To participate in the conference please follow the instructions from our website www.digi-communications.ro and pre-register for the call. The deadline for pre-registration is until 14.00 UK time/16:00 EEST on 15 May 2020.

A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

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Digi Communications N.V. 2019 share dividend payment information

BUCHAREST, Romania, 6-May-2020 — /EPR FINANCIAL NEWS/ — The Company would like to inform its shareholders and the market that, on 6 May 2020, were made available the detailed instructions regarding the payment of the dividend in gross amount of 0.65 lei per share, as approved by the Company’s general shareholders’ meeting from 30 April 2020.

The detailed instructions on the payment of the dividend are available on the Company’s website, at the relevant „GSM” section – https://www.digi-communications.ro/en/corporate/general-share-holders/digi-communications-n-v-gsm-2020 , as well as in the document attached below.

For additional information, please contact us at ipo.relations@digi-communications.ro. (Investor Relations Section/Current Reports).

SOURCE: EuropaWire

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Digi Communications N.V. 2020 AGM attendaned by shareholders representing 75,77 percent of the total number of shares with voting rights

BUCHAREST, Romania, 30-Apr-2020 — /EPR FINANCIAL NEWS/ —  Digi Communications N.V. (The Company) would like to inform the market and its investors that today, Thursday, 30 April 2020, at 12:00 p.m. CEST, at the offices of Freshfields Bruckhaus Deringer LLP, Strawinskylaan 10, 1077 XZ Amsterdam, the Netherlands, took place the Company’s general shareholders’ meeting (the GSM) with respect to which the Company informed its shareholders and the market through the Convocation notice released on 19 March 2020 (the Convocation Notice).

The GSM was attended – either in person or by representative – by shareholders representing 75,77 % of the total number of shares with voting rights, respectively 71,401,050 shares.

Following the debates, the GSM has adopted the following decisions regarding the points included on the agenda, in accordance with the Convocation Notice:

2. The Annual Report of the Company for 2019 (item 2 from the Convocation Notice):

c. Adoption of the 2019 Annual Accounts;
d. Distribution of dividend – based on the approval, the Company will distribute a gross dividend of 0.65 RON per share, ex-date – 15 May 2020. The GSM has approved to change the record date for the purposes of identifying the shareholders entitled to receive the dividend approved in the AGM, the new record date being 18 May 2020 (the first business day following the ex dividend date, i.e. 15 May 2020).
It is expected that the payment date will be on or around 29 May 2020;
e. Release from liability of the members of Board of Directors.

3. Application of the Remuneration Policy and Remuneration Report for 2019

a. Remuneration Report for 2019
The general meeting approved by an advisory vote the Remuneration Report for 2019 made public on the Company’s website. The Remuneration Report for 2019 is construed according to the provisions of EU Directive 828/2017 as implemented in The Netherlands.
b. Approval of the new Remuneration Policy of the members of the Board of Directors

The general meeting approved the Remuneration Policy of the members of the Board of Directors, as updated in line with the requirements of the provisions of EU Directive 828/2017 as implemented in Dutch law. The new proposed Remuneration Policy is published on the Company website.

4. Appointment of Statutory Auditor – Ernst & Young Accountants, LLP, Netherlands.

5. Designation of the Board of Directors as the competent body to repurchase own Class B Shares.

Designation of the Board of Directors as the competent body to repurchase own Class B Shares – based on this approval, the Board of Directors shall have the authority to acquire class B shares through purchases effected on the stock exchange, for the purposes of being granted to statutory executive directors, managers and employees of the group under the various stock option plans approved or to be approved by the Company, in accordance with the applicable legal provisions, for a period of 12 months from the date of the AGM (i.e., up to and including 30 April 2021).

The authority of the Board of Directors shall be limited to a maximum of up to 10% of the issued class B share capital at the close of trading on the Regulated Spot Market of the Bucharest Stock Exchange on the date of the AGM, 30 April 2020. The maximum purchase price per class B share shall at no times be higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the Regulated Spot Market of the Bucharest Stock Exchange. The purchases will not exceed, on any trading day more than 25 % of the average daily volume of the shares on the Regulated Spot Market of the Bucharest Stock Exchange on which the purchase is carried out.

The Board of Directors intends to appoint an independent specialized trading / brokerage firm to execute any such buy-back.

6. Re-appointment of the members of the Board of Directors

a. Re-appointment of Serghei Bulgac as executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
b. Re-appointment of Valentin Popoviciu as executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
c. Re-appointment of Zoltan Teszari as non-executive-director and president of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
d. Re-appointment of Marius Catalin Varzaru as non-executive-director and vice-president of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
e. Re-appointment of Bogdan Ciobotaru as non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
f. Re-appointment of Piotr Rymaszewskias non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.
g. Re-appointment of Emil Jugaru as non-executive-director of the Board of Directors for a period of 4 years ending on the day of the annual general meeting of shareholders of the Company to be held in 2024.

7. Approval of award of stock options to executive directors

The Board of Directors is authorized to decide upon the award stock options to acquire class B shares in the capital of the Company to executive directors subject to the criteria of the Company’s Share Option Plan (the details of which can be found on the Company’s corporate website www.digi-communications.ro).

The voting results of the GSM, as well as other relevant information on the GSM and the related documents are available on the Company’s website at the section dedicated to the GSM: http://www.digi-communications.ro/en/general-share-holders.

Digi Communications N.V. also informs shareholders and investors that the approved Annual Financial Report for the year ended December 31, 2019 is available starting 30 April 2020, on the company’s website (www.digi-communications.ro), at section Investor Relations.

SOURCE: EuropaWire