APPROVAL OF THE FINANCIAL STATEMENTS FOR THE YEAR 2015 AND APPOINTMENT OF A NEW BOARD MEMBER

We would like to announce that at the meeting of the Board of Directors of Vassiliko Cement Works Public Company Ltd, held on 21 April 2016, the Consolidated Financial Statements of the Group for the year 2015, which had been duly audited by the external Auditors of the Company Messrs KPMG Limited, were approved. 

Copies of the Annual Report and the Consolidated Financial Statements of the Group are available at the Registered Offices of the Company in Nicosia (1A Kyriakos Matsis Avenue, Koupati Building, 4th Floor, Nicosia) and will be posted on the Company’s website “www.vassiliko.com” (“Investors’ Relations”).

It is also announced that at the same meeting the Board of Directors appointed, with immediate effect, Mr. Christophe Allouchery as non-executive Member of the Board of Directors, to fill in the casual vacancy occurred as a result of the resignation of Mr. Serge Schmidt from the Board of Directors, as well as Mr. Antonis Mikellides, Independent non-Executive Director, as a new member of the Remunerations Committee.

Christophe Allouchery

Mr. Christophe Allouchery was born in France in 1971. Christophe graduated in Economics from Paris II University, and holds two Master’s degrees in Finance awarded in 1996 from Paris School of Business.

He started his career in Grant Thorton in 1997 as financial auditor and in 2000 he joined Ciments Calcia in Guerville (France), member of Italcementi Group, as Head of Analytical Accounting and then Head of Cement Controlling. In 2010 he moved to Italcementi Group Headquarters in Bergamo (Italy) and was promoted Senior Zone Controller – Assistant to the Zone Manager, responsible for Egypt, Greece, Bulgaria, Kuwait, Saudi Arabia, Kazakhstan and Turkey. He is now serving as Chief Financial Officer and Board member of Halyps Building Materials in Athens (Greece) since 2013.