At its meeting on 2 April 2024, the Board of Directors approved the following structure related to the annual variable compensation of the Chief Executive Officer, Cyril Malargé, in respect of financial year 2024:
| Criterion | Type | Potential amount as % of AVC 1 | Potential amount as % of AFC 2 | Potential amount in € |
|---|---|---|---|---|
| Consolidated operating margin on business activity | Quantifiable | 40.0% | 24.0% | €120,000 |
| Consolidated revenue growth | Quantifiable | 20.0% | 12.0% | €60,000 |
| Environmental criteria | Quantifiable | 5.0% | 3.0% | €15,000 |
| Criterion of proportion of women in senior management positions at the Group | Quantifiable | 5.0% | 3.0% | €15,000 |
| Qualitative targets consistent with the Group’s strategy and organisation and/or the assessment of the company officer’s performance | Qualitative | 30.0% | 18.0% | €90,000 |
| Total | 100.0% | 60.0% | €300,000 |
[1]AVC: Annual variable compensation
[2] AFC: Annual fixed compensation
Once the schedule for completing the planned disposal of most of Sopra Banking Software’s activities to Axway Software is confirmed, the Board of Directors will set specific targets in accordance with the criterion set forth above.