CR 12/2020 Information on the remuneration of the Management Board of LPP SA   

Information on the remuneration of the Management Board of LPP SA    
Current report no: 12/2020

Date: 31 March 2020

Time: 12:31  pm

The Management Board of LPP SA informs that, in consideration of the difficult economic situation in global economy and hardly foreseeable perspectives of eliminating the effects of the pandemic-related crisis, starting from April 2020, all members of the Management  Board of LPP SA consented to decreasing their remunerations to a symbolic amount of PLN 1. This remuneration decrease will apply until the Management Board of LPP SA recognises that the Company’s financial standing is safe and foreseeable.