AFI Development PLC announced that it has received notice from Mr. Christakis Klerides, the senior independent non-executive director of the company, of his resignation from the board, effective from 13 July 2016. The resignation is due to family reasons of Mr. Klerides. The company intends to seek a new independent non-executive director to replace Mr. Klerides, and will update the market as and when a replacement is found. The company intends to appoint Mr. Panayiotis Demetriou as the senior independent director at the next board meeting.