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PLANET BUSINESS MANAGEMENT Ltd. Shareholders voting, March, 02 2017

PLANET BUSINESS MANAGEMENT Ltd. Shareholders voting, March, 02 2017

The Planet Business Management Ltd Shareholders revote on KairosPlanet further development solution package has finished.

Almost unanimously leader’s council of shareholders has voted in favor of the first revised package of proposals.

Below we present you general points of this solution package:

  • Mandatory notification of Participant regarding changes in the "Public Rental Agreement" with the termination of cooperation with the Company in the case of refusal to accept the updated version.
  • Mandatory implementation of resource mobilization plan. Withdrawals of Referral income are carried out according to completion of the plan.
  • Creation of a working group in order to amend the Compensation Plan.
  • Creation of a working group to review the technical requirements for the PC processing power and disk space that Participant provides for rent to the Company.
  • To allow holders of accounts that have expired Lease package to transfer funds to Current account under the terms of debt reset and to extend package within thirty (30) calendar days.
  • The recognition of the validity of all Participants, no matter how the Guarantee payment has been made, that are currently performing the terms and conditions of cooperation:
    • Application is installed on PC,
    • verification is passed,
    • There are no more than 6 computers on the same IP address.
  • Reset of the 50% of Company’s debt on Rental and Referral income for all Participants.

There is no Guarantee fee reset in order to enable returns.

Transfer of the remaining 50% of the debt on Rental and Referral income to Сurrent account.

Allow the use of debt funds (50%), accumulated in Сurrent account:

  • accumulated as Rental income – to extend or upgrade Lease packages;
  • accumulated as Referral income – to pay for KAIROS Phone and KAIROS Router devices in online-shop and/or to make investments to new Kairos Energy project.

Reset of balances on accounts of all Participants who have not prolonged for any reason their Lease packages within thirty (30) calendar days.

  • Withdrawals of Guarantee payment returns accruals are carried out through the Schonpay.com system from 2017-03-15 to Participants` personal accounts with ordered and activated card; Withdrawals of Rental income accruals are carried out through the Schonpay.com system from 2017-04-01 to Participants` personal accounts with ordered and activated card after reset of debt. Withdrawals of Referral income accruals are carried out only from 2017-04-01 after completion of the resource mobilization plan.

Currently Department of KairosPlanet System development and maintenance has begun to work on the implementation of technical modifications for realization of the necessary (announced in the solution package) actions in the system.

Follow our news on the plan and on the fact of certain modifications performance!

PLANET BUSINESS MANAGEMENT Ltd. Shareholders voting, March, 02 2017
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  • Registered office address

    KAIROS TECHNOLOGIES Ltd.
    Ground Floor, Gower Street, 3
    London WC1E 6HA
    United Kingdom

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support@kairosplanet.net
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