01/08/2019
The Management Board of Summa Linguae S.A. based in Krakow (“Company”, “Issuer”) hereby announces that on 1 August 2019, the Supervisory Board of the Company appointed Ms Madhuri Hegde Member of the Management Board. Information regarding the new Member of the Management Board:
Ms Madhuri Hedge’s term of office as Member of the Management Board expires on 28 June 2024.
Madhuri Hegde has a university degree. She has graduated from the MA Managerial Studies at the Heriot Watt University (MBA) and has also completed postgraduate French studies at Alliance Francaise de Bangalore.
Professional experience of Ms Madhuri Hedge:
• 1996-2000 – the French Ministry of Economics and Finance, India, where she was responsible for coordination of French exports and investment in India.
- 2000-2003 – Netkraft Private Limited, based in Richmond Road in Bangalore, India, (headquartered in Paris), Manager.
- 2003- present – Mayflower Language Services Pvt Ltd based in Bangalore, India, Founder and Chief Executive Officer.
- October 2016 – June 2019 – Member of the Supervisory Board of the Issuer.
Within the last three years, Ms Madhuri Hedge was or still is a member of the managing or supervisory bodies of the following companies or a partner at those companies:
• 2003- present – Mayflower Language Services Pvt Ltd based in Bangalore, India, Founder and Chief Executive Officer.
- 2016 – 2018 : Elia (European Language Industry Association) based in London, the United Kingdom – Member of the Management Board.
- October 2016 – June 2019 – Member of the Supervisory Board of the Issuer.
Ms Madhuri Hegde represents that she has not been convicted of a fraud within the last five years. Neither has she ever received an injunction to act as a member of managing or supervisory bodies in commercial companies. Within at least the last five years, there have been no cases of bankruptcy, restructuring, receivership or liquidation with respect to the entities in which she has served as a member of managing or supervisory bodies. Ms Madhuri Hedge does not conduct any activity competitive to the business of the Company, nor is she a partner at a competitive company or civil partnership, or a member of a managing or supervisory body of a capital company or any competitive legal person, subject to Mayflower Language Services Pvt Ltd, an LSP, where she is a partner and CEO. Ms Madhuri Hegde is not entered in the Register of Insolvent Debtors maintained pursuant to the Act of 20 August 1997 on the National Court Register.
Legal grounds: Article 3(1)(7) of Appendix 3 to the Alternative Trading System Rules “Current and Periodic Information in the Alternative Trading System on the NewConnect Market”; Article 10(20) of Appendix 1 to the Alternative Trading System Rules “Information Document”.
The Company’s representatives,
Krzysztof Zdanowski, President of the Management Board
