Press releases pg. 128
Statement about prosecution of Supervisory Board members
The option program of CEZ was approved as a standard incentive instrument by the general meeting held in 2001. The basic information about its functioning, including the fact that it concerned also members of the supervisory board, was published at that time as well. Providing all members of the supervisory board with endowment life assurance was a standard practice in similar companies and the program was practised at CEZ from 1994.
4. 1. 2007
Members of the CEZ management will carry out part of their options
Five members of the management announced the CEZ Company that they will carry out part of their options awarded within the CEZ share motivation programme. In case of all current members of the executive board it is just a little (at most 25%) part of shares, to which they are entitled according to the option contracts.
2. 1. 2007
CEZ Group´s structure in Bulgaria will approximate to funcioning of CEZ in the Czech Republic
Lubos Pavlas will be the new general director of CEZ Bulgaria and country manager of CEZ Group for Bulgaria from New Year´s Day
13. 12. 2006
CEZ invests into multilateral Carbon Credit Fund (MCCF) administered by the European Bank for Reconstruction and Development and the European Investment Bank
CEZ power company entered, through its public declaration, into obligation to invest into reductions of CO2 emissions independetly as well as in a new way, through specialized funds and isntitutions, such as, the European Bank for Reconstruction and Development. One of the first steps is the commitment to put up to 10m euro, but minimally 5m euro, into the carbon fund of MCFF. The investment will go to Joint Implementation (JI) projects and Clean Development Mechanism (CDM) in the countries where the EBDR is active.