Current report No. 5/2024 

Legal basis: Article 17 sec. 1 of MAR - inside information

The Board of Directors (the “Board”) of Allegro.eu (the “Company”) resolved to submit to the approval of the forthcoming annual general meeting of the shareholders of the Company (“AGM”)  the appointment of Gary McGann as an independent non-executive director upon the recommendation of the remuneration and nomination committee of the Company (the "Committee"). 

Gary’s appointment follows the announcement by Darren Huston that he intends to step down, subject to an orderly transition, from the role of Chair of the Board (see current report No. 20/2023). 

The Board hereby presents the professional CV of Gary McGann.

Gary McGann has Chaired complex International listed businesses such as Flutter PLC (FTSE 20), whose enterprise value grew from €1Bn to €30Bn during his tenure (2014-23). He has profound experience as an executive and non-executive director. He currently serves as Chair at the privately owned Sicon Ltd (Sisk Group - construction) and Aon Investment Holdings Ireland Ltd, the Irish arm of Aon PLC, a leading global professional services group. He also held various senior executive roles including CEO for 12 years of Smurfit Kappa Group plc (1998-2015) and Aer Lingus (1994-98). 

Upon approval by the shareholders of the appointment of Gary to the Board, the Board intends that Gary shall be elected Chair of the Board.

Gary has been selected and nominated by the Committee as a suitable candidate for appointment by the general meeting of the Company. Gary meets the criteria outlined in the Warsaw Stock Exchange Code of Best Practice and the protocol of the Committee. He has expressed his consent to be appointed as an independent director of the Company.

The Board would like to express their sincere thanks and appreciation to Darren Huston for his seven years as Chair at Allegro. Under his stewardship, the Company has made substantial progress growing organically and through mergers and acquisitions. He has led the company through an IPO and has ensured that both the executive team and the non-executives are of the highest international calibre.

Allegro.eu is a Luxembourg public limited company (société anonyme), registered office: 1, rue Hildegard von Bingen, L-1282 Luxembourg, Grand Duchy of Luxembourg, Luxembourg Business Register: B214830