Vision International People Group Public Limited announces that during the Board of Directors meeting which was convened on the 13th of September, 2017, at 10:30 a.m. at the Company’s offices, located at Limassol Avenue 67, Aglantzia, 2121, Nicosia, the Condensed Interim Consolidated Financial Statements for the six months ended on the 30th June, 2017 were discussed and approved.
The Company would like to inform investors that copies of the same are available on the Company’s official website as well as at its offices.
The Company further announces that Mr. Roberto Piona resigns from his position as Chief Executive Officer of the Company as well as from his positions as Executive Director and Chairman of the Board of Directors of the Company. The last day of exercising his duties under the aforesaid positions shall be the 30th of September, 2017.
Throughout recent years Vision Group has undergone massive restructuring in order to improve its financial and business conditions. Currently there is a serious potential of collaboration with FREEDOM INTERNATIONAL GROUP based in Hong Kong and the Company will announce any official decisions as regards to the level of this collaboration in due course, when discussions are finalized.
Mr. Piona considers this collaboration which is under discussion and if it finally takes place, may create such conditions which practically shall not allow him to continue to act as Chief Executive Officer of the Company and has therefore decided to resign from all of his positions as afore said well beforehand.
The Company further announces that Mr. Peter Fehrn-Christensen, currently an Independent Non- Executive Director of the Company also resigns from his position as such for personal reasons. The last day of his duties shall be the 30th of September, 2017.
The new directors of the Company, in replacement of Mr. Piona and Mr. Fehrn-Christensen shall be announced very soon and in any event these new appointments are subject to ratification by an Extraordinary General Meeting which shall be called up for this reason on the 10th of October, 2017.
13th of September, 2017