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.
That's about $0.5mil per year just for these two combined...
Any comments anyone? A bit offputting tbh
