OCTG inspection repair and storage - Medserv Energy
total tubular management - Medserv Energy
Remuneration Policy
Board of Directors
The Board is composed of Executive and Non-Executive Directors. The Board determines the framework of the remuneration policy for the members of the Board as a whole, based on the recommendations from the Remuneration Committee. The maximum annual aggregate emoluments that may be paid to the directors is approved by the shareholders in General Meeting. The Board may approve changes to the fees within the aggregate amount approved by Shareholders at the Annual General Meeting. The total fees paid to directors (in their role as director) is entirely represented by a fixed remuneration. Directors’ emoluments are designed to reflect the directors’ knowledge of the business and time committed as directors to the Company’s affairs. It is confirmed that none of the Directors in their capacity as Directors of the Company are entitled to profit sharing, share options, pension benefits, variable remuneration or any other remuneration or related payments from the Company.
Senior Executives
The Board determines the framework of the overall remuneration policy and individual remuneration arrangements for its senior executives based on the recommendations from the Remuneration Committee. The Committee considers that these remuneration packages, inclusive of a variable and non-variable payment, reflect market conditions and are designed to attract appropriate quality executives to ensure the efficient management of the Company. The payment of a variable remuneration has become increasingly important in attracting and maintaining quality staff. The terms and conditions of employment of each individual within the executive team are set out in their respective contracts of employment with the Company. The vast majority of the contracts of employment are made on an indefinite basis however there are a number of such contracts entered into on a definite fixed term basis due to the nature of the job in question.
The Company’s senior executives may be paid a bonus by the Company – other than the bonus paid to the CEO, the payment and extent of payment of all bonuses paid to senior executives is entirely at the discretion of the Board, is subject to the recommendation of the Committee and is based upon the performance of the individual determined in terms of both objective as well as subjective criteria. The Chief Executive Officer of the Company is entitled to a performance bonus calculated by reference to the Company’s earnings over a specified threshold. Moreover, share options are currently not part of the Company’s remuneration policy. Specific criteria for determining the extent of senior executive’s entitlement to a bonus will be formulated by the Remuneration Committee in due course.
28 Aug 2020
Medserv Issues Interim Report for first half of 2020
The financial performance of the Group for the first half of 2020 was marked with the disruption brought about by the COVID-19 pandemic whic... read more>

31 May 2020
Medserv reports a very positive 2019 and expects to resume growth in 2021
Medserv plc issued their financial statements for the year ended 2019 and their interim report for the first half of 2020. Medserv reports a... read more>

20 Dec 2016
Medserv Plc has been named as the 2016 Malta Stock Exchange Company of the Year.
The quantitative criteria used for this award are: Revenue growth, earnings per share growth and return on equity. On the qualitative side t... read more>

02 Feb 2016
Dual Issue Closes Successfully
Medserv is pleased to announce to that the Dual Issue as per the Prospectus published late last year has closed successfully allowing the Co... read more>

08 Oct 2015
Medserv to invest US$46 million in Middle East expansion drive
Medserv to invest US$46 million in Middle East expansion drive... read more>

27 Aug 2015
Medserv Reports Strongs Results
In the interim financial statement issued earlier today, Medserv Group reported a substantial increase in performance over the comparative p... read more>

23 Mar 2015
Medserv plc's financial results exceed targets
The financial results being reported by the Group for the year under review, 2014, exceed targets. This reflects the optimism expressed in t... read more>

28 Jan 2015
Mr Gerasimos Caramondanis, Board Member of Medserv (Cyprus) Ltd wins lifetime achievement award from `In Business Awards`.
Mr Gerasimos Caramondanis a Member(Director) of the Board of Directors of Medserv (Cyprus) Ltd. and CEO, Caramondani Bros Plc, has recently ... read more>

19 Nov 2014
Medserv plc’s interim statement highlights the importance of Malta’s role in supporting Libyan operations
Medserv plc’s interim statement highlights the importance of Malta’s role in supporting Libyan operations As the difficult situation in Li... read more>

07 Nov 2014
Medserv plc support Puttinu’s latest project
Around 55 families from the Maltese Islands travel for treatment in 40 different hospitals in UK each month. These patients spend weeks, m... read more>

28 Aug 2014
Charles L Daly is appointed Director on the Medserv plc board
Oil logistics and trading consultant, Charles L. Daly has been co-opted to the Medserv plc board. Mr Daly has been appointed as a non-execut... read more>

02 Jul 2014
Malta’s First Solar Farm launched at Medserv
Malta’s First Solar Farm was launched by Hon. Prime Minister Dr. Joseph Muscat at Medserv, at the Malta Freeport. ... read more>

08 Apr 2014
€20 Million Secured and Guaranteed Note Issuance Programme. Series 1-Tranche 2
Series 1-Tranche 2... read more>

28 Mar 2014
Medserv Group issue Financial Statements
Medserv Group issue Financial Statements Earlier today, Medserv plc announced a profit for the year ended 2013, a strong turnaround from 20... read more>

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