Announcement of the appointment of new CEO (English & Greek).

ANNOUNCEMENT

The Company Vision International People Group Public Limited Company announces that the Company's Chief Executive Officer Mr. Dmitry Buriak, expressed his wish to withdraw from his position as such, effective as from the 1st of November, 2016 for personal reasons. He however remains as a member of the Board of Directors of the Company as an Executive Director.

The above were discussed and approved during the Board of Directors meeting which was convened earlier today at 9:00 am by way of teleconference from the Company’s offices.

During the same meeting, the Members of the Board of Directors approved the appointment of Mr. Roberto Piona, currently an Executive Director and Chairman of the Board of Directors of the Company, as the Company’s new Chief Executive Officer effective as from the 1st of November 2016.

Mr. Piona was one of the founders of the Company back in in 1996 and he was the Vice President of Vision Group for many years. For twenty years his role in the Company and/or Vision Group in general has been intense not only as a member of the Board of Directors and at some point as Chief Executive Officer of the Company but also due to his vast experience in the sale and distribution of products on Multilevel/network marketing. Such experience was also strengthened through the high responsibility roles he maintained in Amway International and Achievers International.

Copy of the Curriculum Vitae of Mr. Piona is available at the Company’s offices and on the Company’s website at www.vipgpl.com.

The Company would like to wish Mr. Piona every success to his new position.

5th of October, 2016
Nicosia

 

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Profit / Loss warning 2016 (English & Greek).

ANNOUNCEMENT

Vision International People Group Public Limited announces that the consolidated results for the first half of the year ended June 30th 2016 are expected to be lower than the reported results for the first half of the year ended June 30th 2015.

Expected losses for the current half year are mainly attributable:-
- The lower than budgeted sales for the first half of the year.

Copies of the aforesaid announcement are available at the registered office of the Company, at 67, Limassol Avenue, Aglantzia, 2121, Nicosia. Furthermore, investors can download a copy of the said announcement from the internet site of the Company at www.vipgpl.com.


29th August 2016

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AGM 2016 Resolutions (English & Greek).

ANNOUNCEMENT

Vision International People Group Public Limited (“the Company”), announces that on the 7th of June, 2016 the Company’s Annual General Meeting was convened at 11:00 a.m. in Nicosia.

At the General Meeting the following decisions were resolved:

1. Approval of the Annual Report of the Directors for the year 2015.

2. Approval of the Auditor’s Report, Annual Report and Audited Consolidated Financial Statements for the year ended 31st December, 2015 in their entirety.

3. Ratification of previous decision of the Board of Directors dated on 26 April 2016 that no dividends shall be distributed to the shareholders.

4. Approval of the resignations of the Company’s Directors and their re-election, in accordance with the Articles of Association of the Company.

5. Ratification of the composition of the Board of Directors of the Company.

6. Approval of the remuneration of the members of the Board of Directors for the year 2015.

7. Approval of the re-appointment of the Company’s Auditors and the Board of Directors was authorized to resolve upon their remuneration.


Nicosia, 7th of June, 2016

 

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3 Month interim report 2016 (English & Greek).

ANNOUNCEMENT

Vision International People Group Public Ltd announces the Interim Management Statement of the Group for the period from January 1 to March 31, 2016 that has been prepared pursuant to article 11 of the Transparency Requirements (Securities admitted for Trading on a Regulated Market) Law 2007 (Ν.190(Ι)/2007) and has not been audited by the external auditors of the Company.

The Group is reorganising its operations within the Russian Federation as a result of the economic situation within the country arising from the economic sanctions imposed by the European Union, the United States of America, Japan, Canada, Australia and others. The Group is also reorganising its operations within Ukraine given the political and economic situation within the country.

Group revenues for the period under review compared to the corresponding period in 2015 have decreased by around 20%.

As it was to be expected, driven by the decreased sales, gross profit and the operating results of the Group for the period under review decreased in comparison to the corresponding period of 2015.

The working capital and liquidity position of the Company remains unaffected from the decrease in sales and the gearing ratio constitutes an acceptable state of capital management given the current business conditions.

2016 will be a year during which the Group will continue restructuring its operations with a view to reducing the costs within the Group. Actual results are lower than budgeted due to lower than planned revenues for the period.

The overall performance of the Company in the course of the period tends to validate Management’s prediction that in 2016 dynamic strategies will have to be adopted to maintain the planned financial results for the year.

Copies of this report are available at the registered office of the Company, at 67, Limassol Avenue, Aglantzia, 2121, Nicosia. Furthermore, investors can download a copy of the report from the internet site of the Company at www.vipgpl.com.

Nicosia 16th May, 2016

 

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