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Y. Cassoulides resigned from Options

03/01/2011 12:56
Options Cassoulides announced today the resignation of Mr. Yiannos Cassoulides from the Board of Directors of the Company. His resignation is attributable to other increased professional commitments.

In November 2010, Options Cassoulides decided to sell all subsidiaries and associated companies that were actively involved in the printing sector, including all properties, facilities and equipment that the sector has. Therefore, the Company proceeded with negotiations with the managerial team involved in the management buyout for the sale of I.G. Cassoulides & Sons Ltd and its subsidiaries and associated companies.

On December 17, 2010, the Company signed an agreement with Grandwind Ltd (of Mr. Yiannos Cassoulides), Nicos Nicolaou and Charalambos Violaris against the sum of €8,226,000.