EQS-Adhoc: AUSTRIACARD HOLDINGS AG: SUPERVISORY BOARD OF THE COMPANY RESOLVES UPON

EQS-Ad-hoc: AUSTRIACARD HOLDINGS AG / Key word(s): Miscellaneous
   AUSTRIACARD HOLDINGS AG: SUPERVISORY BOARD OF THE COMPANY RESOLVES UPON

   21-Jun-2023 / 20:00 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   AUSTRIACARD HOLDINGS AG: SUPERVISORY BOARD OF THE COMPANY RESOLVES UPON
   PROLONGATION OF THE MANAGEMENT BOARD MANDATE OF P. SPYROPOULOS,
   ENLARGEMENT OF THE MANAGEMENT BOARD AND AMENDMENTS TO THE EXISTING
   MANAGEMENT PARTICIPATION PROGRAMS OF THE SUBSIDIARIES AND ASSUMPTION OF
   THESE PROGRAMS BY AUSTRIACARD HOLDINGS AG

   Public disclosure of inside information according to article 17 MAR

   Vienna, this 21 June 2023

   The supervisory board of AUSTRIACARD HOLDINGS AG resolved in the
   supervisory board meeting held on 21 June 2023 to prolong the management
   board mandate of Panagiotis Spyropoulos, until 30 June 2027. The
   supervisory board also resolved to enlarge the management board of the
   company, currently consisting of Mr. Nikolaos Lykos, Executive Chairman of
   the Management Board and Panagiotis Spyropoulos, Vice-Chairman of the
   Management Board and Group CEO, by four additional members. Effective 1
   July 2023, in addition to the existing two members of the management
   board, Emmanouil Kontos, Burak Bilge, Jon Neeraas and Markus Kirchmayr,
   are appointed as members of the management board.

   Emmanouil Kontos, born 2 December 1971, is currently managing director of
   several legal entities of the group in the CEE region and former managing
   director of INFORM P. LYKOS HOLDINGS S.A. As Deputy Group CEO and
   Executive Vice President CEE region, he will be additionally responsible
   for M&A, marketing & communication and change management and will continue
   to drive the growth of the group's entire product portfolio in the CEE
   region. Emmanouil Kontos joined the group in 2018 and previously held
   leadership positions in markets including Europe, MEA and USA in general
   management, finance and business development for Colgate Palmolive,
   General Mills, Hellenic Bottling Company and Korres Natural Products.

   Burak Bilge, born 23 May 1975, is managing director of the group company
   Austria Card Turkey kart Operasyonlari AS, Turkey. As Executive Vice
   President Turkey / Middle East and Africa, he will assume responsibility
   for these markets and further drive the growth of the group's entire
   product portfolio in the MEA region. Burak Bilge joined the group in 2013
   and previously served as director of international business at Garanti
   Bank Payment Systems and global manager of payment systems and innovation
   at Erste Group based in Vienna.

   Jon Neeraas, born 5 December 1966, has been heading the TAG Systems Brand
   within the AUSTRIACARD HOLDINGS AG group. He will now assume the role of
   Executive Vice President, Western Europe, UK, Nordics and Americas and
   will drive the growth of the group's entire product portfolio in these
   regions. Jon Neeraas has been in the payment card and personalization
   business since 1991 and joined the group in 2019. Previously, Jon Neeraas
   was co-founder and CEO of TAG Systems Group.

   Markus Kirchmayr, born 21 November 1980, who already holds the position as
   Group CFO of AUSTRIACARD HOLDINGS AG, will continue leading the finance,
   internal control and compliance divisions as a member of the management
   board of AUSTRIACARD HOLDINGS AG. Markus Kirchmayr has been working for
   the Group in various management positions since 2015 and was previously
   manager at KPMG and head of group consolidation at the listed company
   Conwert Immobilien Invest SE. Markus Kirchmayr is a qualified auditor, tax
   advisor and certified IFRS accountant.

   From 1 July 2023, the management board of AUSTRIACARD HOLDINGS AG will
   thus consist of the following members:

     • Nikolaos Lykos, Executive Chairman of the Management Board
     • Panagiotis Spyropoulos, Vice Chairman & Group CEO
     • Emmanouil Kontos, Deputy CEO and Executive Vice President CEE
     • Burak Bilge, Executive Vice President Turkey / Middle East and Africa
     • Jon Neeraas, Executive Vice President Western Europe, UK, Nordics and
       Americas
     • Markus Kirchmayr, Group CFO

   The detailed CVs of all members of the management board will shortly be
   available on the website of AUSTRIACARD HOLDINGS AG.

   Further, the supervisory board resolved that the management participation
   programs previously existing at the level of subsidiaries of AUSTRIACARD
   HOLDINGS AG, namely INFORM P. LYKOS HOLDINGS S.A. and AUSTRIA
   CARD-Plastikkarten und Ausweissysteme Gesellschaft m.b.H. - of which that
   of INFORM P. LYKOS HOLDINGS S.A. has already been transferred to
   AUSTRIACARD HOLDINGS AG in the course of the merger of INFORM P. LYKOS
   HOLDINGS S.A. and AUSTRIACARD HOLDINGS AG with effect as of 17 March 2023
   - will now be adapted and taken over, by AUSTRIACARD HOLDINGS AG, as
   resolved in the supervisory board meeting held on 21 September 2022 and as
   outlined in the prospectus on pages 119 et seq. In the course of the
   adaption, among other minor adjustments, the number of share options due
   upon target achievement will be reduced by 20% compared to the initial
   programs. Furthermore, according to the now cumulated and amended share
   option program, only the company - and no longer the respective
   beneficiaries - will have the right to make a cash settlement instead of
   issuing shares. The supervisory board has commissioned a corresponding
   adaption of the remuneration policy of AUSTRIACARD HOLDINGS AG.

   The management board members Panagiotis Spyropoulos, Emmanouil Kontos, Jon
   Neeraas and Markus Kirchmayr are, as before, also beneficiaries of the
   adapted management participation program.

   ABOUT AUSTRIACARD HOLDINGS AG

   AUSTRIACARD HOLDINGS AG, headquartered in Vienna, with an international
   presence, is one of the leading providers of Secure Digital Technology
   Solutions in Europe. 

   AUSTRIACARD HOLDINGS AG is the one of the leading B2B providers of smart
   cards, personalization and payment solutions, as well as secure data
   management and digitalization solutions, in Austria, Scandinavia, Central
   and Eastern Europe and South Eastern Europe, while also having significant
   market share in many other European countries and Türkiye. The group is
   expanding fast in geographical areas outside Europe, such as the USA where
   it has established a new personalization center, and the Middle East &
   Africa where sales units have been developed that have already drawn
   significant new business. In addition, the company has become a payment
   products and solutions partner of choice for challenger banks/neo banks, a
   growing market segment world-wide.

   The company has a very strong pan-European operational footprint, reaching
   from the United Kingdom to Greece and Türkiye, with seven production
   facilities and seven personalization centers in Europe, as well as an
   additional personalization center in USA, employing currently around 2,500
   people. It also has sales offices in Norway, Czech Republic, Germany,
   Croatia, Serbia, Jordan, the UAE and a network of partners and selling
   agencies around the world. This footprint enables the provision of a high
   service level to our customers, confirmed by the very long-lasting
   business relationships. The group’s international customer base benefits
   from a complementary product and services and solutions offering ranging
   from bill printing, direct mailing and document processing to payment,
   transit and ID cards increasingly bundled with online, mobile and
   digitalization transformation solutions.

    

   Issuer:   AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria

   Contact person:     Dimitris Tzelepis
   Tel.:                      +43 1 61065 - 357
   E-Mail:                  [email protected]
   Website:                www.austriacard.com
   ISIN(s):                  AT0000A325L0
   Stock Exchange(s): Vienna Stock Exchange (prime market), Athens Exchange
   (main market)

   End of Inside Information

   ══════════════════════════════════════════════════════════════════════════

   21-Jun-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria
   E-mail:      [email protected]
   Internet:    https://www.austriacard.com/
   ISIN:        AT0000A325L0
   WKN:         A3D5BK
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1662627

   Notierung vorgesehen, intended to be listed;

    
   End of Announcement EQS News Service


   1662627  21-Jun-2023 CET/CEST

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print