Corporate Governance

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Sections [4][1][7], [4][1][7] HGB Pursuant to the resolution of the Annual General Meeting dated April 24, , the Administrative Board is authorized to increase the share capital by April 23, as follows: We are fuelling transformation by expanding global access to safe, reliable and affordable fuel. This site uses cookies. Sabine studied law and political science in Bern, Geneva and Jerusalem.

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Find PUMA's fastest annual report and our annual reports back to as well as statements about our quarterly results.

Regular field visits to our projects and ongoing strategic discussions keeps everyone updated and ensures actions. Vincent steers the strategic direction of the Puma Energy Foundation, in partnership with the Board. He then get involved with the Swiss project Solar Impulse from its first flight aboard in and headed the logistic support unit until the completion of the round the world solar flight in Prior to joining the Trafigura Foundation, Amanda spent several years in the non-profit sector, working in human rights, peacebuilding, migration and development.

Nathalie ensures the smooth running of the Foundation on a daily basis, oversees the Matching Funds scheme and issues grants or loans to programme owners. She is also in charge of all accounting and finance matters.

She has expertise in corporate communication and corporate social responsibility. She speaks fluently French, English and Italian. The Puma Energy Foundation Board meets regularly over the year to review programme operations and validate any new programme proposals. The board lends its business and development expertise to help steer the Foundation in a direction that makes sense for Puma Energy while remaining independent from purely corporate interests.

Graham was one of the founders of Trafigura in , retiring from Trafigura's operational activities in He now dedicates most of his time to philanthropic endeavours.

Graham graduated from St. Andrew has been a member of the Trafigura supervisory board since Sabine is attorney-at-law and brings 30 years of experience in corporate and contract law and arbitration with some of Geneva's most prominent law firms.

Sabine studied law and political science in Bern, Geneva and Jerusalem. Patrick is the global head of corporate communications and investor relations for Puma Energy. He joined the company in with a focus on business and brand development. Christophe is global chief operating officer for Puma Energy. He joined the company from Trafigura in as regional chief operating officer for Africa.

Before Trafigura he had several managerial roles in Umicore. He holds an engineering degree from the military school in Brussels. The following information, valid December 31, , is presented in accordance with Art.

Information concerning takeovers As of the balance sheet date, the Company held , treasury shares. It was held by Messrs. On August 3, , the share of voting rights allotted to Messrs. The list of shareholdings of Kering S.

Pursuant to the resolution of the Annual General Meeting dated April 24, , the Administrative Board is authorized to increase the share capital by April 23, as follows: The new shares can also be acquired by one or several banks as determined by the Administrative Board, subject to the obligation to offer these to the shareholders for subscription indirect subscription right.

The shareholders are basically entitled to a subscription right. The Administrative Board is, however, authorized to exclude the subscription rights of shareholders to avoid fractional shares.

The Administrative Board is authorized to determine the additional rights of shares and the conditions of the share issue Authorized Capital I. The Administrative Board is authorized to exclude the subscription rights of shareholders in part or in whole, once or several times - to avoid fractional shares; - in the event of capital increases against contributions in kind to carry out mergers or for the acquisition of companies, shareholdings in companies or parts of companies; - for capital increases against cash contributions, provided the amount of the share capital attributable to the new shares does not exceed ten percent of the share capital and the issue amount for the new shares is not significantly below the market price of already listed shares, Section 3 4 AktG.

The ten percent limit of the share capital is valid for the date of the resolution of the Annual General Meeting on this authorization and on the exercise date of the authorization.

The sale of treasury shares, which are sold during the term of Authorized Capital II under exclusion of subscription rights of shareholders in application of section 3 4 AktG, and the issuance of shares to service options or convertible bonds issued during the term of Authorized Capital II under exclusion of subscription rights of shareholders in application of section 3 4 AktG, shall be counted toward the ten percent limit of the share capital.

The Administrative Board is authorized to determine the additional rights of shares and the conditions of the share issue Authorized Capital II. The resolution adopted by the Annual General Meeting on May 6, authorized the company to purchase treasury shares up to a value of ten percent of the share capital until May 5, In the case of change of control the creditor is entitled to termination and early calling-in of any outstanding amounts.

For more details, please refer to the relevant disclosures in the Notes to the Consolidated Financial Statements Section The non-performance-based components consist of a fixed salary and non-cash compensation, whereas the performance-based components consist of bonuses and components with a long-term incentive effect.

Along with job assignments and performance of each individual Managing Director, the criteria for calculating the total remuneration are the economic situation, long-term strategic planning and related targets, the long-term durability of targeted results and the Company's long-term prospects. A fixed salary is paid out monthly as non-performance-based basic compensation. In addition, the Managing Directors receive non-cash compensation, such as company cars, pension contributions and insurance premiums.

The bonus component of performance-related compensation is mainly based on the PUMA Group's operating income EBIT and free cash flow and is staggered according to the degree to which targets are met. In addition, qualitative individual goals are set.