SD Worx builds HR and payroll services and software for the new world of work. Our vision is to make Payroll and HR services essential to the continued success of companies and individuals in the modern workplace.
SD Worx increases its stake in GlobePayroll from 40% to 50.01%. This company was established at the end of 2015 and the first on the market to offer a global payroll solution operating entirely in the cloud.
SD Worx Holding NV (the “Issuer”), with registered office at Antwerp (Belgium), announces the succesful placement of bonds with a term until 2026 (the “Bonds”). As the subscriptions for the Bond issuance have reached the maximum amount of the offer, namely €80 million, the subscription period was terminated early today at 5:30 p.m. CET. The issuance was very successful and was oversubscribed almost three times.
Antwerp, Belgium, 22 May 2019 - SD Worx Holding NV (the “Issuer”), with registered seat in Antwerp (Belgium), announces the launch, as from Friday 24 May, of the issuance of bonds with a maturity of seven years for an aggregate minimum amount of €50 million and an aggregate maximum amount of €80 million (the “Bonds”).
SD Worx attaches great importance to adequate corporate governance policies and, although its shares are not listed on any exchange or market to date, undertakes its best efforts to apply the governance best practices of the 2009 Belgian Code on Corporate Governance of 12 March 2009.
The Board of Directors consists of nine members, taking into account the required diversity and complementary. The Board of Directors has established two advisory committees: Audit & Risk Committee and Remuneration and Appointment Committee.
Members : Filip Dierckx (Chairman), Marc Binnemans, Tea Colaianni, Dirk Collier, Michel Delbaere, Christophe Petit, Jan Van Acoleyen, Koen Van Gerven, Steven Van Hoorebeke
The Audit & Risk Committee assists the Board of Directors in exercising its auditing role, notably in terms of providing financial information, risk management and compliance, internal audits, internal review systems and external auditing.
Members: Frederik van Bladel (Chairman), Filip Dierckx, Patrick de Vos, Riet Dockx
The Remuneration and Appointment Committee formulates proposals concerning the appointment, remuneration and evaluation of the members of the Board, and the executive management of the Issuer and its Subsidiaries.
Members: Dirk Collier (Chairman), Filip Dierckx, Tea Colaianni, Jan Van Acoleyen, Frederik Van Bladel
The Management Committee’s competences and areas of focus include: (i) the Group’s financial investment and portfolio management; (ii) financial control and consolidation; (iii) M&A and overall strategy of the Group; (iv) organization of the Group control functions with a view to effectively managing risks within the Group; (v) capital structure of the Group; (vi) evaluation of the performance of the operations of the Group; (vii) coordination of the Group’s different business operations, and fostering cooperation and synergies between the business operations with as aim to integrate the business operations to a maximum extent; and (viii) corporate housekeeping and governance of the Group.
The Management Committee meets on average two times per month.
Members: Filip Dierckx (Chairman), Dirk Collier, Steven Van Hoorebeke, Christophe Petit, Hector Vermeersch, Guido De Grefte, Anne-Marie Cootjans