33. Related parties
Ultimate controlling party
TMF Group Holding B.V. (“TMF Group”) is the parent company of our operational entities. The majority of the shares in TMF Group Holding B.V. are held by CVC Strategic Opportunities Fund II ("CVC") and Abu Dhabi Investment Authority ("ADIA") and the remainder of the shares are held by STAK.
Transactions with the Supervisory Board
|
In millions of Euro |
31 December 2024 |
31 December 2023 |
|---|---|---|
|
Short-term employee benefits |
0.4 |
0.4 |
|
Total compensation paid to the Supervisory Board |
0.4 |
0.4 |
Total compensation of the Supervisory Board was paid to independent members of the Supervisory Board only.
Transactions with the Management Board
|
In millions of Euro |
31 December 2024 |
31 December 2023 |
|---|---|---|
|
Short-term employee benefits |
3.4 |
3.3 |
|
Post employment pension benefits |
0.2 |
0.2 |
|
Total compensation paid to the Management Board |
3.6 |
3.5 |
The Management Board and some members of the Supervisory Board participate in the equity settled shared based payment plan. Please refer to note 25 Share-based payment for further detail.
- From 2 January 2025, Tucano Holdings Jersey Limited is majority shareholder of TMF Group Holding B.V.; the members of the Management Board and the Supervisory Board of TMF Group Holding B.V. have resigned at the date of transfer and, at that same date, were appointed as directors of Tucano Holdings Jersey Limited. As a result, on 6 March 2025, TMF Group Holding B.V. did not have a Supervisory Board.