(Alliance News) - Illa Spa announced Tuesday that board member Luigi Maniglio has resigned due to professional commitments that do not allow him to devote the necessary time to the company.

Maniglio does not hold Illa shares, and the board will appoint his replacement.

Illa's stock closed Tuesday up 20 percent at EUR0.0006 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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