Tymlez Holding, which is a wholly‑owned subsidiary of the Company has also entered into Management Services Agreements with Timeless‑Systems GmbH and Fergil B.V. (being related parties of Mr Michael Reh and Mr Reinier Van Der Drift respectively), whereby the remuneration payable by Tymlez Holding under such agreements is as follows:
>> Mr Michael Reh (Executive Director): €12,500 per month; and
>> Mr Reinier Van Der Drift (Executive Director): €12,500 per month.
Interesting... That's $0.5mil per year for both of them combined... Not quite sure what to think of this.
Was really keen but this has put me off quite a bit.
IPO - Tymlez Group Limited, page-5
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