Listed fashion retail group LPP's shareholders will vote on a draft resolution concerning the adoption of an incentive programme for members of the management board, employees and associates, according to draft resolutions for the extraordinary general meeting convened for January 23, 2026.
The adoption of the incentive programme "aims to create appropriate mechanisms to motivate members of the management board, employees and associates of LPP SA and its capital group by aligning their interests with the company's objectives and strategy," the company reported.
The expected result is an increase the company's value in the long term and maintaining the commitment of members of the management board, employees and associates to the affairs of the company and the group.
The programme will be implemented in one or more consecutive periods specified by the supervisory board, each of which will last no less than three years and which may partially overlap.
Under the incentive programme, participants will have the opportunity to purchase a total of 16,000 LPP shares, representing 0.86 percent of the share capital.
The purchase of shares will be financed from funds from a reserve capital created specifically for this purpose. The establishment of the reserve capital is also to be decided by the EGM in January.
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