AFI Development PLC Announces Resignation of Izzy Cohen as Non-Executive Director, Effective July 22, 2012
July 17, 2012 at 05:51 am EDT
AFI Development PLC announced that it has received notice from Mr. Izzy Cohen, a non-executive director, of his resignation from the Board, which is effective as of July 22, 2012. Mr. Cohen will therefore be unavailable for re-election at the Company's forthcoming Annual General Meeting, scheduled to take place on August 2, 2012. Mr. Cohen's resignation follows his stepping down as CEO of Africa Israel Investments Ltd, the Company's majority shareholder. The Company intends to announce the appointment of a new director replacing Mr. Cohen in due course.